Checklist of Contract Clauses - Zgardan Alexandru

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The content of a contract depends, of course, on the type of transaction you're getting into. This checklist includes items to consider when you draft a contract: • Names and addresses of the parties. • Date that the contract is signed. • A short preamble ("recitals"). This provides some of the background of the agreement. For example, a contract might recite that Discs Unlimited is a retailer of compact discs and has three stores in the metropolitan area; that Stewart has an inventory management business; and that Discs Unlimited wishes to retain Stewart as an independent contractor to establish and maintain the company's computerized inventory control system. • What each party is promising to do: Pay money, provide a service, sell something, build something or so on. Often this section of the contract - particularly if it involves a product or a construction project- is labeled "specifications." In many situations, such as designing software, constructing a building or providing consulting services, the specifications require an attachment that can run on for pages and may include drawings, formulas or charts. ...