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.

502: Basic Contract Content Last Revised: September 2009 Hold Harmless Clauses: Many contracts carry a hold harmless clause.

Example: A force majeure clause may say that if there is a pandemic, you can tear up that contract ... More Getty What Now? In addition to protecting your workforce and tending to your customers ...

As the coronavirus pandemic continues to force businesses to make dramatic changes to the way they operate, utilizing a modern digital contract management tool is key to keeping up.