Two Contract Terms That Can Cause Big Trouble

Two Contract Terms That Can Cause Big Trouble

a hand holding out a pen over a contract November 14, 2016 By: Lauren Dockter

All contracts can be tricky, but two provisions in particular—termination and intellectual property ownership—deserve extra attention. Ending a business relationship can be harder than starting one, so review these strategies on how to address this critical contract language.

Almost every association, at some point, seeks assistance from outside consultants or providers of products and services. That work, and the agreed-upon payment for it, is formalized in a written contract....