Many small business owners sign a cooperation contract after reading only the price and the delivery date. Yet the five clauses below often decide the outcome when a partnership does not go as planned.
Key Points
- Force majeure: defining events beyond anyone's control and who bears the risk.
- Dispute resolution: choosing mediation, arbitration, or court, with the governing jurisdiction.
- Late-delivery penalties: the amount and the maximum cap must be written clearly.
- Termination: the conditions, notice period, and financial consequences.
- Confidentiality: the scope of protected information and how long the duty lasts.
Reviewing these clauses before signing usually takes about an hour, far less than settling a dispute over several months.
Note: this article is dummy demo content and is not legal advice.
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