Need help preparing a Contract for your business? Ringger Law, Can Help!
Contracts are a part of everyday life. For example signing for a new bank account, credit card applications, purchasing an automobile, and all inherently a part of any business transaction.
Need help preparing a Contract for your business? Ringger Law can help.
All businesses deal with contracts, even if they are unwritten, as with many transactions involving goods or services. Since a contract is a legally binding agreement, and even an honest contractual mistake can cause serious problems, it is crucial that small business owners have at least a basic understanding of contract law. The basics of contract law are simple when both parties agree on all aspects of a business transaction, but even the most honest square dealing, well meaning parties can and do misunderstand the other. Contracts are statement of the parties intentions and they relate to the many facets of running a business, including articles on when a verbal agreement carries the weight of a contract, the meaning of "breach of contract," which contracts must be in writing, and related topics.
A written contract is a good idea even when writing is not required since it provides a clear record of the terms and the parties' explicit acceptance of them. You can draft your own contract, though in more complicated transactions retaining an attorney can be a wise expense to guard your agreement and receive assistance identifying potential issues before they become problems.
When one of the parties breaks the terms of an agreement this is called a "breach." If the non-breaching party sues they can ask the court to "enforce" the contract. The results may include much negotiation, mitigation and might require litigation before the Courts. It may require payment by Court Order for the breach if damages are determinable and more easily put the non-breaching party in a position to receive the benefit they sought in the contract. Ringger Law can help you make sure you are covered with iron clad contracts that protect you and your business.
Call us today for a free consultation. 731- 421-1501