Clear explanations of 500+ contract clauses, written in plain English for businesses and individuals.
This clause requires you to constantly update and submit predictions about your future needs or spending (usually quarterly or monthly) for the next 12-24 months. The other party can then use these forecasts to plan their own business and may hold yo
Read More →This clause requires you to pay a set amount of money to the other party every year, regardless of how much you actually use their service or product. For example, you might commit to paying £50,000 per year even if you only need £30,000 worth of goo
Read More →This clause requires one party (usually a supplier or vendor) to give you a forecast of their performance, capacity, or availability for the next quarter, so you can plan your own business accordingly. It matters because it reduces uncertainty—if you
Read More →This clause requires both parties to meet regularly (usually quarterly or annually) to review performance, discuss problems, and plan ahead. It matters because it creates a formal process to catch issues early before they become disputes, and it show
Read More →This clause lets one party (usually you) compare the other party's prices or performance against competitors or industry standards, and potentially renegotiate the contract if they're not competitive. It matters because it keeps prices fair over time
Read More →This clause rewards the other party with extra money if they exceed agreed targets—for example, a supplier gets a 5% bonus if they deliver 10% faster than required. It matters because it creates incentives for better performance and can reduce disput
Read More →This clause says the other party must meet certain performance standards (like responding within 24 hours or keeping systems 99% available), and if they fail, you get money back or a discount instead of suing them. It matters because it's your main r
Read More →This clause says who owns the information you collect about customers (names, emails, purchase history, etc.). For example, does the supplier own all customer data, or do you? This matters legally because under UK GDPR and US data protection laws, wh
Read More →This clause sets a floor price—the lowest price you're allowed to advertise the product for. For example, a shoe supplier might say "you cannot advertise these shoes for less than £50." This matters legally because it's a form of price control. In th
Read More →This clause says how much money each party must spend on advertising and promoting the product. For example, the supplier might agree to pay for national TV ads, while you pay for local store displays. This matters legally because it's a binding obli
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