A home warranty can help you cover the cost of repairs and replacements for your major appliances and systems. Similar to an insurance policy, a home warranty provider charges a monthly or annual fee.

A standard sales contract obligates one party to purchase goods or services for a predetermined price established in the contract. Some sales contracts are ongoing and can include a buyout clause.

The Business Dictionary helps define a management contract. According to the Business Dictionary, a management contract is an "agreement between investors or owners of a project, and a management ...