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How Does a Business Contract Help Business?

A business contract will allow all involved parties to describe obligations and establish responsibilities. A clear, concise document that explains everything expected of those involved can come in handy in a variety of situations. For example, imagine you're a landlord renting out an apartment. Having a clearly defined rental contract will give you and your tenant clear rules about what's expected for each side. The tenant knows that you'll maintain the unit, and you know he'll make monthly payments. Should something go sour, you both can rely on the original rental contract to protect you if end up with a dispute.