business contract by María Fernanda Domínguez Orozco https://padlet.com/1151637/d7cjvkmjwpg4cmy0 en-us 2023-09-04 13:54:20 UTC 2023-09-07 04:54:34 UTC hello@padlet.com What is a business contract? 1151637 https://padlet.com/1151637/d7cjvkmjwpg4cmy0/wish/2683459779 A business contract is a legally binding agreement between two or more parties (group of persons in a legal commitment) that guides any transaction made in a business environment. ]]> 2023-09-04 13:58:36 UTC https://padlet.com/1151637/d7cjvkmjwpg4cmy0/wish/2683459779 What is an employment agreement? 1151637 https://padlet.com/1151637/d7cjvkmjwpg4cmy0/wish/2683460661  Is the traditional document used in relationships between employees and employers for the purpose of laying out the rights, responsibilities and obligations of both parties during the employment period or journey. Is a vital document utilized by every employer, this will allow the employer to solidify the relationship with employees to stablish the key terms of the contractual relationship understood by each party.]]> 2023-09-04 13:59:35 UTC https://padlet.com/1151637/d7cjvkmjwpg4cmy0/wish/2683460661 Types of business contracts https://padlet.com/1151637/d7cjvkmjwpg4cmy0/wish/2683462062 - Licensing agreement 
Owner provides rights for others to use his invention.
Example: Antivirus software being licensed to North America and Europe for a percentage of profits.

- Promissory note
Type of legal IOU that allows to lend money to another party, that means proof of the agreement.
Example: Student loan

- Employment agreement 
Document employment terms.
Example: Any new job contract.

- Bill of sale
Transfer piece of property 
Example: Private selling of car

- General business contracts
How a business is structured 
Example: Two partners open a business and sign a partnership agreement.]]> 2023-09-04 14:00:54 UTC https://padlet.com/1151637/d7cjvkmjwpg4cmy0/wish/2683462062 3 types of employee contracts https://padlet.com/1151637/d7cjvkmjwpg4cmy0/wish/2683463863
  • General employment contract: this will be the typical employee contract you sign when you sign a job. This outlines how long the employee will work for, the pay, benefits, reasons for termination, conditions, etc.
  • Independent contractor agreement: these contracts are agreement between a business and an independent contractor who offers a service to a business but is not being hired as permanent staff.
  • Noncompete agreement: this contract outlines how long an employee must wait to ‘compete’ against a business once they are leaving or are terminated from a staff position.
    • ]]>     2023-09-04 14:02:49 UTC https://padlet.com/1151637/d7cjvkmjwpg4cmy0/wish/2683463863