Contract Terms to Know: Force Majeure
Force Majeure addresses what happens when a contract cannot be performed due to an outside event, like weather, strikes, terrorism, etc.
Contract Terms to Know: Indemnity
Indemnification is being reimbursed for the damages someone else causes your business.
Contract Terms to Know: Punitive Damages
Breach of contract does not allow a business owner to get punitive damages or pain and suffering.