What is a Contract?

Find the right Contract Drafting attorney in Loveland, CO

A contract in Colorado 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. The reliability of written contracts generally make them the preferred means for businesses to transact. Since the intent of a contract is to be legally effective, they are best formed by those who understand the law.

Negotiating a Contract in Loveland

Along with certain clauses that should be included in every Loveland 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

Form contracts can serve as a good starting point for a sound agreement. Lawyers in Loveland, Colorado often keep past contracts on file, and can add or remove provisions based on the situation. They can also reword the specific language of form contracts to make them more clear. 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, parties are less likely to read form contracts completely, which may lead to one side 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. Lawyers can help ensure that a written contract matches the intent of the parties, whether negotiating a contract or using a form. Colorado contract law is a field in which many Loveland lawyers have specialized.

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Life in Loveland

Loveland, Colorado is a city in Larimer County. It has a population of about 67,000 people, and is located about 45 miles north of Denver.

Loveland was founded in 1877, along the newly constructed Colorado Central Railroad. Throughout the first half of the 20th Century, Loveland's economy was heavily dependent on agriculture. However, after World War II, the economies of western states, including Colorado, began to boom. Modernly, Loveland, Colorado frequently receives national recognition for being one of the best places in the country to live.

Companies like Hewlett-Packard have a substantial presence in Loveland, Colorado, creating a large and diverse employment base.

Because of its robust economy, the lawyers of Loveland, Colorado have developed very sophisticated and competent practices. If you need legal advice in Loveland, Colorado, there's probably a lawyer nearby who can help.

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