What is a Contract?

A contract is a legal agreement between two or more parties concerning their promise to sell goods or perform services. Although a contract can be oral, it is a good idea to put the terms of the agreement in writing so as to decrease the potential for dispute concerning what each party agreed to do. When a dispute […]

Licensing Agreement

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What Is a Licensing Agreement? A licensing agreement is a written contract that gives you permission to use another party’s property under a certain set of conditions. The two parties involved in this agreement are the licensor (the one allowing permission) and a licensee (the one gaining permission). What Is the Purpose of a Licensing […]