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Practical contract management insights: organizing contract repositories, tracking deadlines with expiration reminders, and managing vendor agreements.

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Concession agreement

A concession agreement lets a private operator run a facility or service and take the commercial risk, usually for a fee or a share of revenue.

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Lou Van Reemst

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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.

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Lou Van Reemst

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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.

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Lou Van Reemst

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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.

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Lou Van Reemst

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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.

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Lou Van Reemst

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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.

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Lou Van Reemst

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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.

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Budi Voogt

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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.

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Lou Van Reemst

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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.

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Lou Van Reemst

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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.

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Lou Van Reemst