10 Key Contract Clauses

The 10 key contract clauses are:

1 Parties : While it seems pretty basic one of the key terms in all of your contract is who are the parties.

Who is legally bound to the agreement?
This becomes particularly important with respect to personal liability. Is an LLC or a corporation bound to the contract or is the individual bound to the contract? This could make a big difference in the event of a litigation. You can generally only sue the party that signed the contract — so that makes a big difference.

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