AgreementsAgreements • September 21st, 2022
Contract Type FiledSeptember 21st, 2022An agreement is the cornerstone of business relations. It regulates the cooperation between the parties to it and is the basis for resolving any disputes or claims that may arise from it. A badly written agreement may drive a company out of business, while a well written managerial agreement may give you a golden parachute, or severance package, so big that you may not have to work for quite a long time. Agreements are formal in tone and state what the parties have to do, in other words what obligations they have, what they have the right to, or what their enti- tlements under the agreement are, and what will happen if they don’t do as the agreement says, or to put it differently what the contractual penalties for breaches shall be.