Essentials of Contracts

Nonprofits regularly enter into agreements—whether securing major restricted gifts, launching new programs in collaboration with partners, or signing up for vendor services. While some of these arrangements may feel informal, they are often legally binding contracts, and the risks of a misunderstanding or mismanagement can be costly for an organization.

The information contained in this article is provided for informational purposes only and should not be construed as legal advice. For legal advice, consult your nonprofit's legal counsel or a qualified nonprofit law clinic.