What is a Contract?

Scottsboro Contract Drafting Attorneys, AL

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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 Scottsboro

There is more to a contract than what is required for it to be valid in Scottsboro. The individual terms of the contract should all be discussed separately so that the intent of each party is understood by the other. Stating your intentions clearly at the outset of negotiations is helpful, since then the parties may carefully detail the obligations and duties of the contract based on mutual expectations. Also, you may want to negotiate a process that can be followed should one party not fulfill its end of the contract.

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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 Scottsboro can be helpful in selecting the right form, and can also revise the contract to make it the best fit for your individual situation. There are risks in using form contracts without the advice 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, the challenging language used in the field of contracts can make agreements written by others difficult to understand. Whether you decide to negotiate a contract or use a form contract, an attorney will be able to help you ensure that the written instrument matches your intent. Many lawyers practicing in Scottsboro are experts of Alabama contract law.

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