Contract University

Corporate & Commercial

Corporate and commercial contract provisions govern the structure of business relationships — including how contracts are structured, what happens when companies change hands, and how ongoing service relationships are documented. These terms appear in virtually every significant business transaction.

Definitions in This Topic

AssignmentControls whether a party can transfer its rights or obligations under the contract to a third party — including to a successor company after a merger or acquisition.View →Change of ControlAddresses what happens to the contract when one party is acquired, merges with another company, or undergoes a significant ownership change.View →Representations and WarrantiesStatements of fact and promises about the current state of affairs that each party makes to induce the other to enter the contract.View →Master Services AgreementA framework contract that establishes the general terms governing an ongoing business relationship, with individual projects governed by separate Statements of Work.View →Statement of WorkA detailed document describing the specific tasks, deliverables, timelines, and standards that define what one party has agreed to provide under an MSA.View →

Related Contract Types

These contract-type guides explain how the provisions above appear in real agreements.

Master Services Agreements Vendor Agreements Consulting Agreements Asset Purchase Agreements Stock Purchase Agreements Merger & Acquisition Agreements

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