“Other Direct Costs” means costs normally incurred in the operation of a business, such as postage, telephone and internet charges, office supplies and overhead. Employees must stay at a commercial lodging establishment catering to short-term travelers, such as a hotel, motel, bed and breakfast, public campground, etc. Purchase agreements are more complex than a simple purchase receipt as this agreement usually strictly defined the terms and conditions that have to be fulfilled by both buyer and purchaser for a complete deal. Download your win purchase agreements from free templates available online to design a comprehensive and well-presented purchase agreement. Purchase a strategic and financial review service to have an experienced entrepreneur and angel investor review your pro forma and your overall business plan. Financial risk management, an element of corporate finance, is the practice of creating and protecting economic value in a firm by using financial instruments to manage exposure to risk, particularly credit risk and market risk. (Other risk types include foreign exchange, shape, volatility, sector, liquidity, inflation risks, etc.) It focuses on when and how to hedge using financial instruments; in this sense it overlaps with financial engineering. A legally binding document states the terms and conditions regarding the sales of items or goods. Through this agreement, both the buyer and seller are legally connected in any buying or selling of the specified good.