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A retail contract, also known as a retail purchase agreement, is an agreement outlining the details of a transaction of retail goods between a buyer and a seller.

Types of Contracts: Learn About the 13 Main Options Fixed-Price Contract. Cost-Reimbursement Contract. Cost-Plus Contract. Time and Materials Contract. Unit Price Contract. Bilateral Contract. Unilateral Contract. Implied Contract.

A contract should clearly define details, duties, rights and responsibilities. Keep a few basic elements in mind when creating your contract to ensure it is legally enforceable and provides protection for all parties. When in doubt, consult an attorney who specializes in business contracts.

4 Different Types of Contracts Sales Agreements. ... Non-Disclosure Agreements and Intellectual Property Management. ... Professional Service Agreements ? Fixed-Price, Time and Materials, and Retainer-Based Contracts. ... Adhesion Contracts.

Two different kinds of groups of contracts are fixed price contracts and cost-reimbursement contracts. Different types of contracts, which are contained within each of these two types of groups, may be used separately or in combination with one another.

The three most common contract types include: Fixed-price contracts. Cost-plus contracts. Time and materials contracts.

A retail agreement is a legal contract between a manufacturer or wholesaler of a product and the retail business that will sell the product to customers. Frequently these agreements are used to set pricing expectations and establish minimum inventory and order amounts.