A contract rider is an attachment to a contract. It can be a schedule, an amendment or any other writing that may modify the original contract. Riders allow contract drafters to avoid rewriting an entire contract.Know More
Riders are common in the insurance industry to modify coverage terms and conditions. Riders can also state that certain portions of the contract are not effective.
Riders can be added to standard contracts to modify the purpose or subject of the contract. This enables parties to save time and money by not having to write similar contract language repeatedly. Riders are also used in lawmaking to avoid rewriting an entire bill.Learn more about Law
A legally binding contract should contain specifics details, consideration, capacity, legal terms and should be in the correct form, which is usually written, according to Chron. A legally binding contract provides the contracted parties with legal protection.Full Answer >
According to the United States Department of State, a non-binding contract lays out the terms of an agreement without obligating either party to fulfill the terms. It is used to create an understanding of an agreement before a formal agreement is written out or finalized. It can also be used to create a moral or political obligation without creating a formal agreement.Full Answer >
A band rider, tour rider or backstage rider are all terms that denote legal documents in which a band or musical act lists requests that each venue on tour must fulfill, according to Loudwire. Unusual requests in riders ensure each venue pays attention to every detail, including speaker arrangement, electrical hookups and stage props.Full Answer >
According to American Songwriter, a non-exclusive contract allows a second party to publish or distribute intellectual or creative work, but it does not prohibit the owner of the work from selling her work to other vendors. Non-exclusive contracts are generally used to prevent an individual from being locked into a restrictive contract before their work gains popularity.Full Answer >