A simple business contract is a legally drafted and an official committed document which is used between the two parties in order to exchange the services for financial profits.
Sample Simple Business Contract
Contract Number: 56- BC
Date of contract: October 13th, 2010.
This business contract is prepared by and between Area companies Pvt. Ltd, hereinafter called as the Owner organization, located at: 45/ B, Villa Road Ottawa, Canada
Contact Number: 3905 589 5830
Greenway Sales Pvt. Ltd
Postal Address: 56/ L, Hamilton Street
Ottawa Road, Canada
Hereinafter called as the Distributor Company
According to the requirement, this contract is valid from October 25th, 2010 and is ending on October 25th, 2011.
Underneath are the working clauses for both the parties:
The distributor company will be responsible for generating the assigned targets within given deadlines, whereas the owner organization will support the distributor company with marketing analysis and initial advertising material.
A per the commitment, the distributor organization will receive a cheque of $ 7890 to start the project and the remaining amount will be transacted to the account of distributor organization after achieving annual targets.
Termination & Renewal:
The contract can be terminated in case of any violation occurred to the above mentioned covenants. The business contract will be renewed only if the distributor organization will serve with more than the satisfactory level.
In case of any urgency or loss, the owner organization has to consider the position of the distributor organization by analysing the current situation.
Hereby, both the parties are signing the business contract with the best of their understanding:
Signature of the concerned position: (owner organization) Designation:
Mia Thomson C.E.O
Signature of the authorized person: (distributor organization) Designation:
Jack Jolly C.E.O