Substance over Form
There are many forms of business agreements each having their own intention and legal consequences; however, these titles are often used incorrectly, and users do not realize this until it becomes a problem. Take note the following information is general where jurisdictional nuances may apply; with this I encourage readers to seek legal counsel on what applies to them and their situation. When dealing with government or other nonprofit entities, you will normally be funded through either a Service Contract, or Contribution Agreement including Grants, Loans, and Subsidies. Take caution in although there is a great deal of literature regarding the differentiation between the terms which also varies by jurisdiction, you will find situations where an arrangement is called one thing where according to literature you have read, it more closely resembles another. Throughout your nonprofit and public service careers, you will also find other nomenclature such as Memorandum of Agreement, L