Clear explanations of 500+ contract clauses, written in plain English for businesses and individuals.
An Inventory Holding Requirement clause obligates a buyer or distributor to maintain a minimum level of inventory (measured in units, dollar value, or months of supply) at all times during the contract term. The supplier imposes this requirement to e
Read More →A Resale Price Maintenance (RPM) clause requires a buyer or distributor to sell products at a minimum price set by the supplier, preventing them from discounting below that threshold. This clause attempts to control the final retail price of goods th
Read More →This clause restricts the distributor's ability to sell products outside a defined geographic territory and typically includes provisions preventing the distributor from selling to certain customer classes or channels (e.g., online sales, direct-to-c
Read More →This clause establishes the product return policy and specifies which party bears the financial and logistical responsibility for defective, damaged, or unsold merchandise. The clause typically defines return windows (e.g., 30 days from delivery), ac
Read More →A Shelf Space Allocation clause typically addresses how products will be displayed and distributed in retail environments, but when categorized under force majeure, it specifically protects parties when unforeseen circumstances prevent the fulfillmen
Read More →A Marketing Contribution Requirement is a clause that obligates an employee (or sometimes a contractor or partner) to contribute time, effort, or resources toward marketing or promotional activities for the employer's business, beyond their core job
Read More →A Volume Discount Schedule is a pricing mechanism that provides progressively lower unit prices as the customer purchases larger quantities of goods or services. For example, a supplier might offer 5% off for orders of 100+ units, 10% off for 500+ un
Read More →Most-Favoured-Customer Pricing is a clause that requires one party (typically a supplier or service provider) to offer the same or better pricing terms to this customer as it offers to any other comparable customer. In other words, if the supplier gi
Read More →An exclusivity period duration clause specifies the length of time during which one party agrees not to compete with, work for competitors of, or solicit customers/employees of the other party. This clause defines a temporal boundary—typically rangin
Read More →This clause sets out the process and rules for dealing with damage, wear, or disrepair to a rented property when the tenancy ends. "Dilapidations" means broken or worn-out things—for example, cracked walls, broken windows, or worn carpets. The clause
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