Probation or Parole

• In some cases, a convicted felon on probation or parole can be restricted from entering into business contracts during the term of probation or parole.
  
  

Incarceration

• Most penal institutions restrict an inmate from participating in business activities while incarcerated, including entering into business contracts.
  
  

Misconceptions

• Two common misconceptions exist regarding a convicted felon and business contracts. First, some people wrongly believe a convicted felon can never enter into that type of agreement. Second, and at the other extreme, some individuals presume that no restrictions exist with regard to a felon entering into a business agreement.