Sample Agreement With Sole Proprietor
13. Applicable Laws and Taxes: This Agreement shall be governed by the laws of the State ___ The ease of starting a business, the low start-up cost and the absence of business obligations make sole proprietorships and partnerships attractive to small businesses, according to Entrepreneur.com. Many businesses start in these forms, but ultimately need the benefits of creation once they have grown. Setting up businesses offers greater legal protection and the possibility of selling shares, but it also involves additional organisational obligations and costs. If a company or individual is a party to an agreement, indicate the person`s full legal name and address of residence in the introductory paragraph. The indication of the person`s residential address serves to confirm the identity of the person entering into the contract, as it helps to distinguish him or her from others with the same or a similar name. This agreement may not be assigned without the prior written consent of the parties. The rights and obligations created by this Treaty shall be binding and useful to the parties, their assigns and their addressees. For each use, the singular number includes the plural, the plural the singular, and the use of a sex all genders. Typically, parties who wish to enter into this type of transaction first enter into a less formal agreement, called a letter of intent. This document presents the particularities of a transaction (purchase price, date, etc.) in the broad sense of the term.