A business contract is a legally binding agreement between two or more parties that outlines the terms and conditions of a business transaction or relationship. It establishes the rights, obligations, and responsibilities of each party involved and provides a framework for conducting business activities.
References:
1. Cornell Law School Legal Information Institute. (n.d.). Contracts. Retrieved from https://www.law.cornell.edu/wex/contracts
2. Investopedia. (2021). Business Contract. Retrieved from https://www.investopedia.com/terms/b/business-contract.asp
3. LegalMatch. (n.d.). What is a Business Contract? Retrieved from https://www.legalmatch.com/law-library/article/what-is-a-business-contract.html
4. Entrepreneur. (n.d.). Business Contracts: What You Need to Know. Retrieved from https://www.entrepreneur.com/encyclopedia/business-contracts