Follow these guidelines to make an enforceable, plain-English business agreement or contract.

Let's face it: No matter how hard you try to avoid it, one of these days you and your business may unfortunately end up in court over a contract dispute.

Definition: An agreement entered into between an employer and an employee at the time the employee is hired that outlines the exact nature of their business relationship, specifically what compensation the employee will receive in exchange for specific work performed

Have you ever considered suing someone for not holding up their end of a bargain? Or were you the one being sued? Whether you're in business or not, you probably encounter contracts almost every day. However, few people understand what it takes to make a contract valid.

A contract manufacturing arrangement typically involves a customer engaging a contract manufacturer to manufacture consumer products, which will then be sold by the customer into the market. Several unique risks can arise out of such a relationship, which are distinct from the issues present in other sourcing transactions.