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Types of Contracts
Types of Contracts
Introduction
Contracts are legal agreements that define the rights and obligations of the involved parties. They play a crucial role in business, employment, and civil relationships.
Commercial Contracts
Commercial contracts regulate transactions between businesses or between a business and a customer. Examples include sales contracts, service agreements, and partnership agreements.
Employment Contracts
An employment contract establishes the terms between an employer and an employee, including salary, working hours, and responsibilities.
Civil Contract
Civil contracts govern agreements between individuals, such as rental contracts, marriage contracts, or loan agreements.
Conclusion
Understanding different types of contracts helps protect rights and formalize agreements efficiently. E-Tafakna simplifies contract creation and management online.
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