Contracts – What They Are and Why We Use Them

Contracts are a vital part of our lives, both personally and professionally. In fact, there are times in which we enter into a contract, such as buying a soda. We go into the store, pick out the specific soda we want, go to the cashier and pay money for the soda we chose. That’s a Contract, offer and acceptance. A child’s (even though they cannot legally enter into an enforceable contract) allowance, offer and acceptance-Contract.

According to Blacks Law Dictionary-Seventh Edition, a Contract is “n. 1. An agreement between two or more parties creating obligations that are enforceable or otherwise recognizable at law <a binding contract> . 2. The writing that sets forth such an agreement <a contract is valid if valid under the law of the residence of the party wishing to enforce the contract> .”

Additionally, “A contract is a promise, or a set of promises, for breach of which the law gives a remedy, or a performance of which  the law in some way recognizes as a duty…” William R. Anson, Principles of the Law of Contract 13 n.2 (Arthur L. Corbin ed., 3d Am. ed. 1919)

Here at Slingshot Legal Services, we enter into a Contract with every Client we have that outlines the terms, conditions and responsibilities of each party. Therefore, there is no question to what is expected by one another. It speaks with clarity and provides the answers to any ambiguity that could arise.

One of our primary services of the 66 that we offer, is the review, revisions, suggestions or creation of Contracts for almost every type of Contract possible. Whether it’s a construction contract, purchase and sale agreement, mediation agreement, arbitration agreement, settlement agreement, non-disclosure agreement – we can assist.

Please leave us a note on our “Contact” form and we will return your inquiry as soon as reasonably possible.

Source: Black’s Law Dictionary – 7th Edition –  https://thelawdictionary.org/

 

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