What is a Contract?

Madison Contract Drafting Attorneys, AL

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A contract in Alabama is an agreement about anything 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 typically 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 Madison

Along with specific clauses that should be included in every Madison 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. Stating intentions clearly in the early stages of negotiations can lead to a contract that includes clearer terms. To conclude, the contracts that are easiest to enforce have clauses that determine how to handle disputes.

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Using a Form Contract

It may save you time to use a form contract instead of drafting your own. Even so, you may want an attorney in Madison, Alabama to add or remove terms, or to simply make the contract language more clear. Using a form contract without the assistance of an attorney may pose problems. First, a party using a form contract may not have thoroughly read all the terms, and can thereby remain unaware of his performance obligations and liabilities if events do not go as planned. Second, form contracts will often contain language that is difficult to understand outside the legal community. This can cause disagreement over the meaning of a term. With either a negotiated contract or a form, an attorney can ensure that the written document matches the intent of each party. Attorneys in Madison often specialize in Alabama contract law.

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