CHAPTER 8

Contracts

Entering into contracts is one of the most important roles of a legal entity. When your company enters into a contract with another person or business, you put your counterpart on notice that the company, and not you personally, owns the obligations of the agreement. This is an important way for freelancers to manage the day-to-day risks of doing business, and is also an important way of maintaining the distinction between your business entity and yourself as the owner. This chapter offers a few steps a freelancer can take to ensure that business contracts are properly drafted.

At the most abstract level, a contract is an enforceable bargain between or among two or more people (including corporate “persons”) in which one or ...

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