A standard sales contract obligates one party to purchase goods or services for a predetermined price established in the contract. Some sales contracts are ongoing and can include a buyout clause.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Those familiar with the construction industry know that construction projects are seldom, if ever, completed within the time originally anticipated at the project’s outset. Fortunately, prime ...

Protecting sensitive information is essential when drafting legal agreements. However, crafting a clear and effective confidentiality clause can feel challenging. Many struggle to create one that ...

The existence of a green socks clause can act as a powerful incentive for each partner to perform his duties and, in the event of an irretrievable breakdown in the relationship with a partner, can ...

A small clause is the syntactic equivalent of the basic proposition. Small clauses occur in sever constructions. Some examples are shown below. The small clauses are enclosed in square brackets. The ...