What is a letter of intent?
A letter of intent records proposed deal terms before the final contract. Learn which clauses bind, key dates, risks, and how to track an LOI.
Lou Van Reemst
Blog
Practical contract management insights: organizing contract repositories, tracking deadlines with expiration reminders, and managing vendor agreements.
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Distribution agreement
A distribution agreement appoints a distributor to buy products and resell them in its own name, usually in a territory or channel.
Lou Van Reemst
What is a memorandum of understanding (MOU)?
An MOU records what parties plan to do together. Learn when a US MOU binds, which clauses matter, and which dates to track.
Lou Van Reemst
EPC contract
An EPC contract is one agreement to engineer, buy equipment for, and build a facility, usually for a fixed price and a fixed date.
Lou Van Reemst
LLC operating agreement
An LLC operating agreement is the contract among members that sets ownership, management, money, and exit. It is not the state filing.
Lou Van Reemst
Franchise disclosure document
A franchise disclosure document (FDD) is the pre-sale disclosure a US franchisor must give a buyer. It is not the franchise agreement.
Budi Voogt
What is a license agreement
A license agreement lets someone use an asset on stated terms while the owner keeps ownership. It is not a sale or an assignment.
Lou Van Reemst
What is an OEM agreement
An OEM agreement lets one company supply a part or software that another company builds into a product sold under its own brand.
Lou Van Reemst
What is a loan agreement
A loan agreement is the two-way contract that sets repayment, covenants, and default. It is not the same as a promissory note.
Lou Van Reemst
What is a non-compete agreement
A non-compete agreement limits work after a job or a business sale. Whether it holds depends on the state and the deal.
Budi Voogt