A rolling contract is a contract that has no defined cancellation date and ends only upon the request of one of the involved parties. Rolling contracts are commonly used in business-to-business and business-to-consumer transactions, such as rental agreements and warranties.Know More
Rolling contracts are usually for specified time periods, such as a 30-day rolling contract rental lease. In this scenario, the renter and landlord each have the right to give the other a 30-day move-out notice. Rolling contracts are also commonly used between independent contractors and clients.
Rolling policies are a type of rolling contract issued with the purchase of a good, usually an electronics product or a communications device. These policies are usually free with a purchase for a designated time period and directly withdraw the premiums from the customer's bank account after the end of the complimentary period. Many consumers continue to pay insurance premiums for these goods because they fail to notice the charges on their bank accounts, according to The Guardian.
High-level sports professionals, such as coaches, are often hired with rolling contracts. These contracts are generally for extended time periods. After the completion of the initial period, the university or the owner of a professional team can let the coach go, or the coach can quit on his own. If the contract continues for another year, the owner of the team can usually buy out the coach at any time by paying the monetary remainder of the contract.Learn more about Business Resources
"A request for information, or RFI, is a document that a business organization sends to vendors to request for specific information or clarification on a service or product. On the other hand, a request for proposal, or RFP, is a document that a business organization sends to potential vendors to prompt for bids.Full Answer >
A personal service contract is an agreement used in the entertainment industry to bind an artist to a company that manufactures, distributes or promotes the artist's works, performances or services. When an artist enters into a personal service agreement, they are often restricting their right to create work or perform outside of the company they have contracted with. Companies use personal service agreements as a means of guaranteeing that the artists who work with them, and who are generating a profit for them, will stay with those companies for the amount of time specified in the contract.Full Answer >
Contract management refers to contract-related administrative activities, such as bid invitation, bid evaluation, contract awarding, contract implementation, measurement of work completion and payment computation. Moreover, it involves the monitoring of a contract, making important changes and modifications to the contract and dealing with related problems. It ensures that both parties meet or exceed the expectations of one another.Full Answer >
A good source of sample letters for canceling a business contract is Docstoc. Docstoc hosts millions of professional documents and a wide selection of quality samples of cancellation letters. At Your Business is another recommended resource for business owners. It offers a large variety of business forms including contract termination sample letters.Full Answer >