BUSINESS AGREEMENTS

• Memorandum Of Understanding: A Memorandum of Understanding between organizations is like an agreement which is maintained in the document but it’s not like binding the parties. Memorandum of Understanding consist the key points of an agreement between the parties who are involved in negotiating the contract.


• Franchise Agreement: A franchise agreement is a legal, binding contract between Franchisor and Franchisee. Thus a franchise agreement grants a franchisee the right to use the franchisor's system, proprietary marks to operate a franchised business. It is an agreement in which the franchisor lends the trade name or business system to other person/entity.

  The contract shall define the brand name that will be used, the length of franchise agreement, clauses dealing with penal provisions, ranging from fines, compensation, cancellation of the franchise.



• Joint Venture Agreement: A joint venture (JV) agreement is entered into by a group of people or companies to venture into partnership over a venture or a project, without it affecting their respective legal status. The Joint Venture Agreement legally binds both parties, and defines the scope of mutual effort, disparity, and facilitates provisions for sharing the gains and enterprising operations.


• Share Purchase Agreement: A Share Purchase Agreement (SPA) is signed between two or more parties where there is an agreement between the seller and the buyer. The seller agrees to sell the mentioned number of shares at a specific price to the buyer. The main goal of the share purchase agreement is to demonstrate that the terms of the agreement were commonly settled by both the seller and the buyer.


• Shareholders Agreement: A shareholders agreement is an arrangement among a company's shareholders describing how the company should be operated and the shareholder's relationship, the management of the company, ownership of shares and privileges and protection of shareholders. Thus shareholders agreement contains rights and obligations of shareholders of a company.


• Master Service Agreement: Master Service Agreement is a contractual agreement in which two parties, a client and a service provider, agree to the terms and conditions that are to govern all long-term transactions between them. Contracts such as these are useful in sectors that involve a large number of transactions between the provider of service as well as a customer and may include a separate statement of work for each.


• Service Level Agreement: A Service Level Agreement (SLA) is an agreement between a service provider and a client. It builds a set of services that one party has accepted to provide another. This agreement can exist between a company and its clients. It also exists in one department that delivers a recurring service to another department within that business.


• Vendor Agreement: A vendor agreement is an arbitration in which a company owner, or a person, hires someone to provide goods or services. The offerings can be software, office supplies, professional services, consultants, technology services, event planning, marketing, and much more. The basic points included in this are date, time and location where services must be provided. It is a legal document stipulating the provisions regarding the work performed by the vendor.