What is a Contract?

Find the right Contract Drafting attorney in Elmhurst, IL

A contract in Illinois 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. In business transactions, written contracts are typically 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 Elmhurst

There is more to a contract than what is required for it to be valid in Elmhurst. The specific 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 decided based on clear expectations if both parties are upfront 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

If an agreement needs a good starting point, you may want to consider a form contract. An attorney in Elmhurst,Illinois can add or remove terms according to the intent of the parties, and even the specific language can be made more comprehensible so that expectations are clear. There are risks to using a contract that neither party has written, particularly if you proceed without the advice of an attorney. First, form contracts have the tendency to go unread. Any party who does not carefully review all the contract clauses can be left unaware of their obligations under the contract. 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 clause. An attorney can ensure that a written contract matches the intent of the parties, both with form contracts and in negotiations. In Elmhurst, many lawyers specialize in Illinois contract law.

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Life in Elmhurst

Elmhurst is a suburb of Chicago, located in Cook and DuPage Counties of Illinois. The suburb has a population of around 46,000.

If one is thinking that a suburb cannot have attractions to visit, that's wrong! Elmhurst has a lot of great attractions. Such attractions include the York Theater, the Wilder Park Conservatory, Elmhurst Park District, the Elmhurst Historical Museum, the Elmhurst Art Museum, the Lizzadro Museum of Lapidary Art, and Elmhurst City Centre.

With Chicago nearby, Elmhurst residents have a strong legal force to tend to their legal needs. Chicago is filled with law firms of all sizes that train excellent attorneys.

Some notable residents of Elmhurst include Al Weis, Larry Stefanki, Rachel Melvin, Jim Ryan, Jeff Hornacek, Mark Wilson, John Witt, and John Grochowski.

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