What is a Contract?
A contract in Alabama is an agreement about something of value between two or more parties who intend the agreement to have legal effect. It may be oral or written, as long as all parties agree to the contractual terms. A written contract is generally preferred by most businesses, because that make the agreements more reliable. Contracts may involve legal principles, so they are best formed with a clear understanding of the law.
Negotiating a Contract in Decatur
Along with particular clauses that should be included in every Decatur contract for it to be valid, it is important to adequately discuss each term to make sure that the intent of each party is understood by the other. Being upfront about your intentions can help the contract goal of mutual understanding of expectations. To conclude negotiations, you may want to include a clause that determines what is to be done if a party fails to meet its duty.
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Using a Form Contract
Using a form contract as a baseline for your agreement may save you time. Lawyers practicing Alabama law in Decatur can be helpful in selecting the right form, and can also revise the contract to make it the best fit for your individual situation. Using a form contract without the guidance of an attorney may pose problems. First, parties using form contracts often do not read all the clauses, and can therefore be unaware of their obligations under the contract. Second, the challenging language used in the field of contracts can make agreements written by others difficult to understand. An attorney can ensure that a written contract matches the intent of the parties, both with form contracts and in negotiations. In Decatur, many lawyers specialize in Alabama contract law.