Agreements 101What is an Affidavit?An affidavit is a written statement in which the signer or "affiant" verifies that the document is true. They differ from sworn oaths only in that the relevant parties must sign them instead of swearing them out loud.Ted Sclavos
Agreements 101W-9 Form and How to Sign ElectronicallyThe W-9 form is also known as a Request for Taxpayer Identification Number and Certification form. It is a type of IRS form used by businesses to collect tax information including the person’s name, address, and taxpayer identification number (TIN).Ted Sclavos
Agreements 101What is a Master Service Agreement (MSA)?A master service agreement (MSA) is a legal contract that establishes fundamental agreements between two parties. MSAs allow vendors and clients to agree on basic terms at the outset of a business relationship before any business commences.Ted Sclavos
Agreements 101What is a Purchase Agreement?A purchase agreement is a contract generally used in transactions where the buyer is purchasing goods instead of services. This type of contract is most common in complex and expensive transactions, such as purchasing real estate or large, specialized equipment.Ted Sclavos
Agreements 101What is a Quote?A quote is an itemized accounting of products or services to be rendered in a business transaction. Quotes differ from invoices in that invoices in that they are typically provided to the customer before work begins and/or products are officially purchased.Ted Sclavos
Agreements 101What is a Statement of Work (SOW)?A statement of work (SOW) is a document that describes in detail how a project will be executed. The purpose of an SOW is to ensure all parties are aligned on scope, deliverables, execution, and payment before signing an agreement.Ted Sclavos
Agreements 101What is an Invoice?An invoice is a written document that lists and itemizes goods and services provided to the recipient. It briefly describes the transactions completed, the associated cost of each of these transactions, and the terms of payment requested by the party who completed them.Ted Sclavos
Agreements 101Understanding the 1099 FormOne of the most common and most confounding IRS documents is the 1099 form. This guide has all you need to know about this important tax document.Ted Sclavos
Agreements 101A Guide to Lease AddendumsA lease addendum is a document that is added to an existing lease agreement to introduce additional terms, conditions, or provisions without altering the original lease terms.Ted Sclavos