Small Business Enterprise Agreements (Seas) are legally binding contractual arrangements between a small business and a larger company. They are used to define the terms of a business relationship between two parties, including the rights, responsibilities, and obligations of each. They can also be used to define the scope of the business relationship, the duration of the agreement, and the terms of payment. There are two main types of Seas: fixed-term agreements and open-ended agreements. Fixed-term agreements are used when the business relationship is for a specified period of time, with specific terms and conditions outlined in the contract. Open-ended agreements are more flexible and are used when the business relationship is ongoing, with terms and conditions that can be updated as needed. Seas are important documents for small businesses as they provide clarity and protection of their rights and interests. They can help businesses secure better payment terms, ensure compliance with applicable laws, and protect them from potential disputes. They also provide a framework for resolving disputes should they arise.