Whenever two parties are going to start working together on a contract, they have a written agreement between them that states all the conditions of both the parties and such a contract is called as the contract of agreement between two parties.
Whether the parties are operating under a buyer and seller relationship or a service provider and a client relationship, a legal agreement contract is mandatory such that the duo get a clarity on the tasks assigned to each other and in the case of any misunderstandings that might arise in the future.
A contract of such kind usually has all the tasks or the conditions listed out along with all the details of the parties involved in the agreement. An ‘effective period’ is set for the two parties to abide by the contract and they duo are expected to stick to all the rules of the agreement through the effective period.
The parties are also required to state the ‘terms and conditions’ that are applicable for the contract to avoid any hassles in the future as they work together. Both the parties sign the agreements if they agree to the terms in it and each hold a copy of the contract through the ‘effective period’.
Sample Contract of Agreement between Two Parties
A mutual agreement contract is made for two parties when both the parties enjoy benefits or profits from a joint venture that they work on, together. The mutual parties could be individuals or companies that work together on a joint project. A legal agreement that lays out the responsibilities and the profits that the individual parties are attained with, is mandatory when two parties work together.
As a necessity, the mutual agreement contract needs to have all the details and the contact addresses of both the parties that are involved. The responsibilities of individual parties and the benefits that each of the party enjoys are all mentioned in the contract. The terms and conditions then lay out all the additional responsibilities and rules of conduct that each party wants the other party to follow.
For as long as the parties are going to be working together, they will have to stick to all the terms and conditions that are mentioned in it. They sign the mutual agreement contract, preferably in front of a witness and keep the form with them throughout the term that they are going to be working together.
Sample Mutual Agreement Contract
A House Cleaning Services agency provides cleaning services to homes upon getting hired by a client in need of these services. A contract between a house cleaning services agency and a client is often mandatory so that all the tasks that are to be carried out by the agency that the client needs are all set out clearly.
The legally binding form between the house cleaning agency and the client, also called as the house cleaning services contract as a requirement has all the details of the agency and the client. The duties of the agency with regards to cleaning the house are then listed out in detail. Along with that, the details of the payment that is to be made to the agency are mentioned in the contract.
The ‘terms and conditions’ section of the house cleaning service contract mentions any other rules of conduct that the client requires to lay out for the members of the agency while they are performing the task in hand. Both the client and the agency will need to sign the contract, keep a copy of the contract with them and abide by the terms of the contract.
Sample House Cleaning Services Contract
A work for hire contract or an employment contract is a legally binding agreement between an employee and an employer who intend to work together for a specific term. It is important for an employee and an employer to get into this sort of agreement so as to have their tasks and responsibilities set out and to avoid any problems during the term of their work.
The employer specifies all the tasks that the employer needs to perform for the company or for him while the term of his employment lasts. All details of the payment that is to be done to the employer are mentioned in the contract. In addition to that, any special responsibilities that are to be taken up by the employer are to be mentioned in the contract. A note on all the holidays is usually mentioned beforehand in a work for hire contract.
The ‘terms and conditions’ section of the contract which states all the rules of conduct that are to be followed by the employer and the employee is a really important part of the contract. Throughout the employment term, the employee and employer should abide by all the tasks and terms that are mentioned in the work for hire contract.
A monthly payment contract is a legally binding agreement between a debtor (the person to whom the money is owed to) and the payer (the person who has to make the monthly payment) regarding the payment that is to be exchanged between the two of them every month. The monthly payment could be a rent or an instalment that is paid every month.
A monthly payment contract needs to have all the details of the debtor and the payer as a primary requirement. The details of the amount and nature of the monthly payment that is to be made is to be included in the contract as well. The period of time for which the payment is to be made,also called as the ‘term’ is to be included in the contract.
Details about the legal action that the debtor would like to take in case the payment is delayed or not done at all is also to be included in the contract. A copy of the contract is to be given to the debtor and the payer and preferably, a witness for as long as the monthly payment is to be done and both the parties should abide by the contract.
Sample Monthly Payment Contract