The ability of individuals, partnerships, corporations and other types of entities to enter into binding and legally enforceable contractual obligations is truly one of the cornerstones of a civilized society. Contract law has evolved into an immensely complex and intricate component of our modern legal system. Although many types of contracts can be handled in the routine course of business, as contracts increase in size, scope, value or complexity, the need for competent legal advice also increases in a concomitant fashion.
A contract can be defined as a promise or set of promises for which the law gives a remedy, or the performance of which the law, in some way, recognizes as a duty. By establishing a mutual agreement, the parties to a contract create enforceable duties or obligations that are legally binding. Obviously, in most instances, it is preferable to establish written contractual relationships. However, written contractual instruments that are ambiguous or poorly drafted can create more problems than they solve. Written contracts should always be drafted in a clear, concise and understandable fashion.
The rights, duties, responsibilities and obligations of all of the parties to a contract must be clearly delineated or enumerated. Ideally, a reasonably intelligent and objective third party should be able to independently review a contract and generally comprehend its terms, conditions, and provisions.
For the preparation and interpretation of your contracts by a professional contract attorney, call now for an appointment to our toll free line, 866-493-5400, for a free consultation.
Janathan L. Allen, APC, located in Southern California, provides legal services to clients located throughout the United States and worldwide.
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