Contracts

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Contracts por Mind Map: Contracts

1. When do you need a contract?

1.1. Renting an apartment

1.2. Endorsement deals

1.3. Joining a professional sports team

1.4. Car insurance

1.5. Bank loan

1.6. Buying a car

2. Why do you think contracts are important?

2.1. They are a written agreement between parties

2.2. They are legally binding

2.3. Able to hold up in court

2.4. Blame not able to be passed off

2.5. Outline responsibilities

3. What included in a contract?

3.1. The parties entering into contract

3.2. Stipulations

3.3. The agreement between parties

3.4. Signatures

3.5. Dates

3.6. Signed/Stamped by a notary