Journal of Legal, Ethical and Regulatory Issues (Print ISSN: 1544-0036; Online ISSN: 1544-0044)

Abstract

Contracts 101: What Every Entrepreneur Should Know About Binding Agreements

Author(s): Lukmman Hakim

Contracts are the lifeblood of business relationships, providing structure, clarity, and legal protection for entrepreneurs navigating the complexities of commerce. This article introduces the fundamentals of business contracts, including their essential elements, types, and common pitfalls. It emphasizes the importance of understanding contractual obligations, negotiation strategies, and legal enforceability. By mastering the basics of binding agreements, entrepreneurs can safeguard their interests, foster trust, and build resilient partnerships.

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