Contract Agreement Type

A Contract Agreement Type is an contract classification (for contract agreements) that categorizes agreements based on their specific purposes, terms, and conditions.

• Context:
  • It can (typically) contain Contract Type-Specific Articles, Contract Type-Specific Clauses, Contract Type-Specific Provisions, ...
  • ...
  • It can range from being a Simple Contract Type (typically simple contracts) to being a Complex Contract Type (typically complex contracts).
  • It can range from being a Short Contract Type (typically short contracts) to being a Long Contract Type (typically long contracts)
  • It can range from being a Relatively-Public Contract Type (typically public contracts) to being a Relatively-Private Contract Type (typically private contracts).
  • It can range from being a Formal Contract Type (typically formal contracts) to being an Informal Contract Type (typically informal contracts).
  • It can range from being a Bilateral Contract Type (involving two parties) to being a Multilateral Contract Type (involving multiple parties).
  • ..
  • It can be associated with Contract Templates.
  • It can be associated with Contract Issue-Spotting Rules.
  • ...
• Example(s):
  • Simple Contracts vs. Complex Contracts (based on complexity of contractual terms involved), such as:
    • Simple Contract Type, such as a residential lease agreement, which typically includes straightforward contract terms for renting a residential property.
    • Complex Contract Type, such as a merger and acquisition agreement, which involves multiple parties, complex financial terms, and extensive due diligence.
  • Short-Duration Contract vs. Long-Duration Contracts (based on duration of the contract), such as:
    • Short-Duration Contract Type, such as an event venue rental agreement, which typically covers a single event, often for just one day.
    • Long-Duration Contract Type, such as a commercial real estate lease, which can span multiple years with options for renewal.
  • Relatively-Public vs. Relatively-Private Contracts (based on public accessibility of the terms), such as:
    • Relatively-Public Contract Type, such as standard terms of service, which are publicly available on company websites.
    • Relatively-Private Contract Type, such as a celebrity endorsement contract, where the terms are often kept confidential between the parties involved.
  • Formal vs. Informal Contracts (based on legal structure and documentation), such as:
    • Formal Contract Type, such as a government procurement contract, which is strictly structured with specific legal requirements.
    • Informal Contract Type, such as a handshake agreement, which is a verbal agreement with minimal documentation (though still legally binding in some jurisdictions).
  • Bilateral vs. Multilateral Contracts (based on the number of parties involved), such as:
    • Bilateral Contract Type, such as an employment contract, which is between an employer and an employee.
    • Multilateral Contract Type, such as a joint venture agreement, which involves multiple companies collaborating on a project.
  • Controversial or Edge Cases
    • Prenuptial Agreement: While common, these can be contentious, and their enforceability varies by jurisdiction.
    • Organ Sale Contract: Agreements for the sale of human organs are illegal in most countries but raise ethical and legal debates.
    • Non-Compete Agreement: While common, these are controversial due to their potential to limit an individual's ability to work and are unenforceable in some jurisdictions.
  • Modern, Digital-Age Contract Types
    • Smart Contract: Self-executing contracts with the terms of the agreement directly written into code.
    • Blockchain-Based Agreement: Contracts that use blockchain technology for verification and execution.
    • Click-Wrap Agreement: Contracts are formed online by clicking "I Agree" to the terms and conditions.
    • Browse-Wrap Agreement: Contracts where use of a website is deemed acceptance of its terms.
    • Data Processing Agreement: Contracts specific to the handling and processing personal data, often in compliance with regulations like GDPR.
    • API License Agreement: Contracts governing the use of application programming interfaces.
    • Open Source License: Agreements granting permission to use, modify, and distribute software source code.
    • Virtual Property Agreement: Contracts related to ownership and transfer of digital assets in virtual worlds or games.
    • Crowdfunding Agreement: Contracts between project creators and backers on crowdfunding platforms.
    • Social Media Terms of Service: Agreements governing user behavior and platform rights on social media sites.
  • ...
  • Commercial Agreements (rooted in various types of commercial transactions), such as:
    • Sales Agreement: Establishes the terms under which goods or services are sold between a buyer and a seller, typically rooted in direct exchange of goods or services for monetary compensation.
    • Lease Agreement: Specifies the terms under which one party rents property owned by another, rooted in the commercial transaction of leasing real estate or equipment for a specified period.
    • Distribution Agreement: Governs the relationship between a manufacturer and a distributor, rooted in the commercial transaction of wholesale distribution, where products are sold to be resold by the distributor.
    • License Agreement: Grants the licensee the right to use certain intellectual property, such as software or trademarks, under specified conditions, rooted in the commercial transaction of licensing rights for use in exchange for fees or royalties.
    • Franchise Agreement: Outlines the terms under which a franchisor grants a franchisee the right to operate a business under the franchisor's brand, rooted in the commercial transaction of franchising, which includes brand licensing, operational support, and profit-sharing.
    • Service Agreement: Defines the terms of a service to be provided between a client and a service provider, rooted in the commercial transaction of contracting services for payment based on agreed deliverables and timelines.
    • Partnership Agreement: Defines the roles and responsibilities of partners in a business venture, rooted in the commercial transaction of establishing a business partnership, including profit-sharing and decision-making.
    • Consignment Agreement: A contract where one party (the consignor) entrusts goods to another party (the consignee) to sell on their behalf, rooted in the commercial transaction of selling goods where ownership is retained until sale, with the consignee earning a commission.
    • Construction Contract: Governs the terms and conditions for construction projects, rooted in the commercial transaction of commissioning and executing construction work, including payment for work performed based on scope, timelines, and milestones.
    • Consulting Agreement: Specifies the terms under which consulting services are provided by a consultant to a client, rooted in the commercial transaction of professional services offered in exchange for fees, often tied to specific deliverables and timelines.
    • Supply Agreement: Lays out the terms under which goods or services will be supplied by one party to another, rooted in the commercial transaction of ongoing supply of products or services, including provisions for quantity, quality, pricing, and delivery.
    • Software License Agreement: Grants rights to use software under specified terms, rooted in the commercial transaction of licensing software, which can vary from simple personal use licenses to complex enterprise-level agreements, involving payment models like subscriptions or perpetual licenses.
    • International Trade Agreement: Regulates the terms of trade between entities across different countries, rooted in the commercial transaction of international commerce, typically involving complex regulations, long-term commitments, and multiple jurisdictions.
  • Employment Agreement:
    • Employment Contract: Outlines the terms of employment between an employer and employee.
    • Freelance Work Contract, which can vary in complexity and duration.
    • Non-Disclosure Agreement (NDA): Protects confidential information shared between parties.
  • Dispute Resolution Agreement:
    • Settlement Agreement: Legally binding agreement that resolves a dispute between parties.
  • Financial Agreement:
    • Loan Agreement: Details the terms and conditions under which a loan will be provided.
  • ...
• Counter-Example(s):
  • a Legal Case Type (for legal cases).
• See: Contract Classification, Document Classification, Legal Document Classification, Law-Related Document.

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References

2023

• https://zuva.ai/document-classifications/
  • Contract Document Types:
    • Debt Related Agreement: Agreements that focus on borrowing and lending activities.
      • Credit & Loan Agreement: Agreements governing loans and credit terms between parties.
      • Debt Security Agreement: A written promise to repay a specific amount of money along with interest at a future date.
      • Factoring Agreement: An agreement where a business sells its invoices to a third party.
      • Indenture Agreement: A formal agreement between bond issuers and bondholders.
      • Letter of Credit: A letter from a bank guaranteeing a buyer's payment will be received on time.
    • Debt Supplemental Agreement: Agreements supplementary to primary debt agreements.
      • Assignment Agreement: Transfer of rights or benefits from one party to another.
      • Commitment Letter: A lender's promise to loan a specified amount under certain conditions.
      • Debt Settlement Agreement: Agreements to resolve or restructure existing debt.
      • Forbearance Agreement: An agreement to temporarily postpone, reduce, or suspend payment due to temporary hardship.
      • Guaranty: An agreement to assume responsibility for another's debt or performance under a contract.
      • Intercreditor Agreement: Agreement among multiple creditors that sets forth various liens and the rights and liabilities of each creditor.
      • Loan Consent: Permission from lender for certain actions by borrower that may otherwise be restricted.
      • Negative Pledge Agreement: Agreement where borrower promises not to encumber assets for the benefit of other creditors.
      • Note-Related Agreement: Contracts related to promissory notes.
      • Security Agreement: Agreement that provides security interest in personal or real property to a lender.
      • Subordination Agreement: Agreement specifying the rank of debts in the event of bankruptcy.
    • Distribution Agreement: Agreements governing the distribution of products or services.
      • Financial Services Distribution Agreement: Agreements for distributing financial services or products.
      • Publishing Agreement: Contracts between authors and publishers.
      • Reseller Agreement: Agreements for third-party sales of a product.
      • Wholesale Agreement (Retail): Contracts for wholesale distribution to retailers.
    • Employment Related Agreement: Contracts related to employment and labor relations.
      • Collective Bargaining Agreement: Agreement between employers and a group of employees.
      • Compensation Related Agreement: Agreements outlining employee compensation.
      • Employee Matters Agreement: Contracts on miscellaneous employee-related issues.
      • Employment Agreement: Standard employment contracts.
      • Retention Related Agreement: Agreements to retain employees under specific conditions.
      • Separation Related Agreement: Contracts for conditions under which employment is terminated.
    • Equipment Related Agreement: Contracts for the lease, purchase, or guaranty of equipment.
      • Equipment Lease: Leasing agreement for equipment.
      • Equipment Purchase Agreement: Contracts for purchasing equipment.
      • Guaranty: Assurance for the performance or delivery of equipment.
    • Equity Related Agreement: Agreements related to the exchange or maintenance of ownership in a company.
      • Equity Commitment Letter: Commitment to contribute equity capital.
      • Equity Distribution Agreement: Agreements for distributing equity securities.
      • Registration Rights Agreement: Rights regarding the registration of offered securities.
      • Reorganization Agreement: Agreements for the reorganization of a company.
      • Securities Purchase Agreement: Agreements to buy securities.
      • Shareholder Rights Plan: Agreements on the rights of shareholders.
      • Subscription Agreement: Agreements to buy shares in a future date.
      • Warrant Agreement: Agreements on the option to buy stock at a future date.
    • Governance Agreement: Agreements related to the governance of an organization.
      • Director Agreement: Agreements for board members of an organization.
      • Franchise Related Agreement: Contracts related to the granting of a franchise.
      • Joint Operating & Venture Agreement: Agreements between parties to manage a joint enterprise.
      • LLC Operating Agreement: Operating agreement for a Limited Liability Company.
      • Partnership Agreement: Agreement between partners in a business.
      • Shareholders Agreement: Agreements that define the rights and obligations of company shareholders.
    • IP Agreement: Intellectual Property related agreements.
      • EULA & Website Terms of Use: End User License Agreement and terms for website usage.
      • IP Purchase & Transfer Agreement: Agreements for the sale or transfer of intellectual property.
      • License Agreement: Agreements granting permissions on intellectual property usage.
      • Royalty & Royalty Purchase Agreement: Agreements concerning payments for intellectual property usage.
    • Insurance Related Agreement: Agreements pertaining to various forms of insurance.
      • Fund Participation Agreement: Agreements for participating in an insurance fund.
      • Insurance Policy: Standard insurance contracts.
      • Joint Insurance Agreement: Agreements for sharing insurance responsibilities and benefits.
      • Reinsurance Agreement: Agreements for redistributing insurance risk.
      • Split Dollar Agreement: Agreements splitting the cost and benefit of a life insurance policy.
    • Investment Services Agreement: Contracts related to investment services.
      • Brokerage Agreement: Agreements with broker-dealers for investment transactions.
      • Custodial Agreement: Agreements for the holding of investment assets.
      • Investment Advisory Agreement: Contracts for financial advising services.
      • Investor Relations Agreement: Agreements for services related to investor relations.
      • Placement Agent Agreement: Agreements for selling securities to investors.
      • Transfer Agent Services Agreement: Agreements for handling transfers of securities.
      • Underwriting Agreement: Contracts for underwriting securities offerings.
      • Valuation Services Agreement: Contracts for determining the value of assets.
    • Litigation Related Agreement: Contracts related to legal disputes.
      • Mediation Agreement: Agreements for resolving disputes outside of court.
      • Release & Waiver: Contracts releasing parties from liability.
      • Settlement Agreement: Agreements to resolve legal disputes.
    • M&A Purchase Agreement: Mergers and Acquisitions related contracts.
      • Asset Purchase Agreement: Agreements to purchase company assets.
      • Merger Agreement: Contracts governing the merger of two entities.
      • Stock Purchase Agreement: Contracts for buying stocks as part of a merger or acquisition.
    • M&A Supplemental Agreement: Supplementary agreements to M&A transactions.
      • Assignment Agreement: Transfers of rights as part of a merger or acquisition.
      • Escrow Agreement: Agreements to hold assets in trust during a transaction.
      • Exchange Agreement: Contracts for exchanging assets or stock.
      • Joint Filing Agreement: Agreements for jointly filing regulatory documents.
      • Lockup Agreement: Agreements to prevent the sale of shares for a certain period.
      • Separation & Distribution Agreement: Contracts for the separation of business units.
      • Standstill Agreement: Agreements to halt certain activities for a set period.
      • Transition Services Agreement: Agreements for services during a transitional period.
      • Voting or Support Agreement: Agreements on voting or support during transactions.
    • Privacy Related Agreement: Contracts focused on data and privacy.
      • Business Associate Agreement: Agreements between healthcare providers and third parties handling sensitive health information.
      • Data Protection Agreement: Contracts outlining how data will be protected
    • Real Estate Agreement: Agreements pertaining to real property transactions.
      • Easement Agreement: Agreements for a right of use over another's property.
      • Lease Assignment & Consent to Lease Assignment: Transferring and consenting to lease obligations.
      • Lease Related Guaranty: Assurances related to lease agreements.
      • Lease Renewal & Extension Agreement: Agreements to extend or renew property leases.
      • Lease Subordination Agreement: Agreement to prioritize other debts over lease payments.
      • Lease Termination Agreement: Agreements to end a property lease.
      • Real Estate Lease: Standard property leasing contracts.
      • Real Estate Purchase Agreement: Contracts for buying real property.
      • Real Estate Sublease: Agreements for subleasing property.
      • Resource Lease: Contracts to lease natural resources on a property.
    • Restrictive Covenant Agreement: Contracts that impose restrictions on parties.
      • Non Disclosure Agreement and Confidentiality Agreement: Agreements to protect sensitive information.
    • Service Agreement: Contracts for various types of service provisions.
      • Construction Agreement: Contracts for construction services.
      • Consulting Agreement: Agreements for consulting services.
      • Engagement Letter: Preliminary agreements often preceding formal contracts.
      • Independent Contractor Agreement: Contracts for non-employee service providers.
      • Management Agreement: Agreements for management services.
      • Manufacturing Agreement: Contracts to manufacture goods.
      • SaaS Agreement: Agreements for Software as a Service.
      • Service Level Agreement: Agreements outlining service quality and conditions.
      • Statement of Work: Detailed description of work to be performed under a contract.
    • Structured Finance Agreement: Contracts related to complex financial structures.
      • CLO: Collateralized Loan Obligations.
      • ISDA: International Swaps and Derivatives Association Agreements.
      • Pooling and Servicing Agreement: Agreements for the pooling of financial assets.
      • Repurchase Agreement: Contracts for the sale and future repurchase of assets.
      • Securities Lending Agreement: Agreements to loan securities against collateral.
    • Supply Agreement: Contracts for the supply of goods or services.
      • Purchase Order & Terms of Sale: Standard orders for purchasing goods.
      • Quality Agreement: Agreements outlining quality requirements.
      • Resource Supply Agreement: Contracts for supplying resources.
      • Warranty: Agreements to provide after-sale service or replacement.
    • Tax Related Agreement: Contracts related to tax obligations and benefits.
      • Rollover Agreement: Agreements to reinvest assets to avoid capital gains tax.
      • Tax Matters Agreement: Agreements governing the handling of tax-related issues.

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