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this video will guide you through eight steps needed to write a contract agreement for your business business contract drafting is a frequently requested service on the contracts Council platform since business owners want to make sure they are legally protected when operating so if you need to write a contract agreement for a business transaction this video is for you we will cover one the purpose of business contracts two key terms to include in your agreement three eight steps to follow to write your business contract now lets get started purpose of business contracts business contracts are legally binding written agreements between two or more business parties the purpose of business contracts is to protect the legal rights of your company when engaging in business relationships and transactions without using contracts a business can open themselves up to legal issues some reasons why using a business contract is important are as follows one they create a paper trail for a transac