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.

Although the principle of a contract is easy enough to state, contracts come in many varieties. So as an hors-d'oeuvres to this fascinating subject (sic) a short explanation of the different types of ...

The Business Dictionary helps define a management contract. According to the Business Dictionary, a management contract is an "agreement between investors or owners of a project, and a management ...