Types of Business Contracts/Agreements

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Across
  1. 3. legally transfers ownership of the rights of an employee’s work during the period of employment to the employer
  2. 5. legal agreement between a company or business—franchisor—and a franchisee outlining the rights and obligations of both parties
  3. 9. prevents an employee from competing with their former employer for a given period
  4. 12. written business agreement between parties declaring consensus towards a common agenda and achieving mutual goals
  5. 13. when someone borrows a loan and waives the ownership rights of their collateral if they default on the loan
  6. 14. allows other parties to use an inventor’s service or product for a share of the profits
  7. 16. legal document that parties use when transferring materials or information between them.
  8. 18. enter into this agreement when two or more people pool their contributions and spell out their roles in the establishment
  9. 20. formal letter ending the employment relationship between an employer and an employee
  10. 21. agreement between a business owner and a seller where the former commits to buying items at a certain price
Down
  1. 1. type of business agreement between users and owners of websites, software, and mobile applications
  2. 2. aka sales agreement - transfers property between two parties
  3. 4. written business agreement by a seller guaranteeing to repair or replace parts of a product or redo a service if certain conditions aren’t met
  4. 6. a separate legal document that revises an existing business agreement
  5. 7. agreement contract entered between an enterprise and a customer
  6. 8. agreement occurs when a licensor agrees to transfer IP rights to a licensee, allowing them to use certain or all aspects of the IP for their use
  7. 10. agreements are business agreements between a company and users who agree to use its product or service before its official launch
  8. 11. agreement that defines the relationship between an employer and employees
  9. 15. lay out the scope, obligations, and deadlines of independent contractor work
  10. 17. bars parties like employees, vendors, suppliers, and independent contractors from sharing confidential or proprietary business information with people outside the business
  11. 19. aka release of liability agreement-holds that an individual agrees to indemnify another person for burden, damage, or loss when providing a service or product