Agreement Templates

What is an agreement between two parties?

A legal agreement between two parties takes place when both parties have reached a mutual position and have exchanged something of value — called “consideration” — between one another.
Here are a few common examples of legal contract agreements:

• Service agreements
• Confidentiality agreements
• Agency agreements
• Rental agreements
• Loan agreements
• Lease agreements
• Non-compete agreements
• Non-disclosure agreements
• Freelance / independent contractor agreements

In each case, the listed agreement protects both parties from legal recourse while allowing parties to share resources or information in exchange for something else.

For example, in the case of a service contract agreement, a company may outline the rate of pay in exchange for the services provided by the other party. This makes sense when intangible services like cleaning or technical support need to be rendered.

On the other hand, something like a rental agreement might outline the payment for specific items like room and board or certain terms of the agreement like the ability to sublet a living space.

Other kinds of agreements protect confidential information or allow freelancers and independent contractors to use a company’s intellectual property while ensuring that they can’t take credit for it.

The best agreement templates for business

A variety of agreements are common in the business world, but which contracts your company needs comes down to the type of work you do, the individuals you hire, the service or product you produce, and the scope of work that your organization is required to complete.

You may need written documents, like an employment contract or purchase agreement, in order to hire workers or sell products in bulk.  In fact, you may already have many of these business contracts and legal agreements in place.

Take a close look at every function of your business and see if you need to produce any additional legal documents. Do your employees and freelancers need to sign a non-disclosure agreement (NDA)? Have your business partners signed their partnership agreements?

Staying on top of these documents can be tedious, but they are essential to protect your company and its intellectual property from legal jeopardy.

Better legal agreements with PandaDoc

Creating effective legal contracts is only one part of the equation.

Many of these documents are so commonplace that they can be reduced to a standard company boilerplate, but it varies from industry to industry.  Healthcare companies may have patient intake forms while lenders require loan agreements with a set payment schedule.

Once you’ve created an initial draft of your business agreement, you can save time by creating an agreement template within PandaDoc.

Templates allow you to generate documents much faster than you would when using tools like Microsoft Word.  Plus, by sending those contracts through a secure digital platform, you can gather and store all relevant information and get to work quickly.