What is a Contract?

Find the right Contract Drafting attorney in Crystal Lake, IL

A contract in Illinois 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. In business transactions, written contracts are usually preferred for their reliability. These documents are best drafted by those who understand the law, because the very reason for a contract is to legally obligate the parties.

Negotiating a Contract in Crystal Lake

There is more to a contract than what is required for it to be valid in Crystal Lake. The particular terms of the contract should all be discussed separately so that the intent of each party is understood by the other. The terms of the contract may be determined based on clear expectations if both parties are forthright about their intentions early on. Also, parties may want to discuss whether they need a provision for resolving any disputes under the contract.

Using a Form Contract

Many Crystal Lake, Illinois attorneys use form contracts as a template for any new agreement. The attorney will add or remove contract provisions that the parties want, plus modify the specific language of the form contract to meet the parties' needs. This usually saves all parties time and money. There are risks to using a contract that neither party has written, especially if you proceed without the assistance of an attorney. First, parties using form contracts often do not read all the terms, and can therefore be unaware of their obligations 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 term they don't really understand. An attorney can ensure that a written contract matches the intent of the parties, both with form contracts and in negotiations. In Crystal Lake, many attorneys specialize in Illinois contract law.

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Life in Crystal Lake

Crystal Lake is located in McHenry County, Illinois. It is a suburb of Chicago.

Being so near Chicago, Crystal Lake residents have the vast Chicago legal force for all their legal matters. Chicago is home to large firms, as well as mid to small size law firms.

For some great shopping and dining, Crystal Lake Park District is the place to go. Other popular sites include Northwest Herald, Walkup Road, Main Beach, Lakewood, and the Dole Family mansion.

All in all, Crystal Lake offers small town charm with the big windy city nearby!

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