What is a Contract?

Find the right Contract Drafting attorney in Tulsa, OK

In Oklahoma, a contract is different from a normal agreement in that the parties to a contract intend their agreement to have legal effect. Contracts might be oral or written, as long as both parties have the same understanding of the terms of the agreement. Most businesses want to solidify their agreements in writing so that they can rely on them in the future. Since many legal principles might be involved, drafting a contract works best when done with as much knowledge of the law as possible.

Negotiating a Contract in Tulsa

Along with particular clauses that should be included in every Tulsa 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 early on can be helpful, because it allows the terms of the contract to be decided based on clear expectations. Lastly, a clause that determines how to handle a dispute under the contract may be worthwhile to negotiate.

Using a Form Contract

Using a form contract as a baseline for your agreement may save you time. Lawyers practicing Oklahoma law in Tulsa can be helpful in selecting the right form, and can also revise the contract to make it the best fit for your distinct situation. However, form contracts can pose problems if they need to be interpreted by courts, particularly if they are used without the guidance of an attorney. First, using a form contract makes it more likely that one of the parties will not have understood the clauses. This can lead to them being unaware of their duties under the contract. Second, form contracts often use words and language understood only within the legal community. This may cause parties to agree to a clause they don't really understand. With either a negotiated contract or a form, an attorney can ensure that the written document matches the intent of each party. Lawyers in Tulsa often specialize in Oklahoma contract law.

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Life in Tulsa

Tulsa has been diversifying it's oil industry controlled economy. In doing so, Tulsa has become the second largest city in the State of Oklahoma and a major center for high tech, finance, aerospace, and telecommunications technology development and manufacturing. Tulsa acts as the most important manufacturing hub in Oklahoma and produces nearly 60% of the goods exported from Oklahoma. Financial institutions like BOK Financial Corporation are headquartered in Tulsa alongside business like QuikTrip, Dollar-Thrifty car rental, Hilti, and gas related companies like Sem Group, Synthroleum, and Excel Energy. Attesting to how well the city is doing, the housing trends show a 6% increase in rent last year. So what else does Tulsa have to offer?

The University of Tulsa, Oral Roberts University, Rogers State University, and Tulsa Community College each accept students seeking higher educations. The University of Tulsa was ranked among the best doctoral universities in the United States by U.S. News World Report and one of the top masters institutions by the Princeton Review. The Cancer Treatment Centers of America have their Southwest Regional cancer treatment facility in Tulsa which is located at the Southwest Regional Medical Center. It's one of the largest cancer treatment hospitals in the nation.

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