What is a Contract?

Find the right Contract Drafting attorney in Southfield, MI

In Michigan, when two parties come to a mutually understood agreement that they intend to have legal force, a contract is created. There are both written and oral contracts, since all that is required is that the parties agree and understand each other. In business transactions, written contracts are generally 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 Southfield

Negotiating the particular terms of a contract is crucial. There are several terms that should be included in every Southfield contract to ensure that the agreement protects the interests of the parties. Being upfront about your intentions can help the contract goal of mutual understanding of expectations. To conclude negotiations, you may want to include a clause that determines what is to be done if a party fails to meet its duty.

Using a Form Contract

Form contracts can serve as a good starting point for a sound agreement. Lawyers in Southfield, Michigan 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. There are risks to using a contract that neither party has written, particularly if you proceed without the guidance of an attorney. First, a party using a form contract may not have completely read all the terms, and can thereby remain unaware of his performance obligations and liabilities if events do not go as planned. 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 Southfield, many lawyers specialize in Michigan contract law.

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Life in Southfield

Southfield is a suburb of Detroit, Michigan. It is known area because of its five golden skyscrapers, nicknamed the "Golden Triangle." These skyscrapers form Southfield Town Center, a 2,200,000 square foot complex with the Westin Hotel and conference center.

Due to a relatively new thirty-three story luxury residential high-rise complex, located near Southfield Town Center, Southfield saw an influx of many new residents. It is home to approximately 71,739 people per the 2010 census.

Southfield is also home to employers such as Denso, Peterson Spring, Federal-Mogul, Lear, R.L. Polk Co., and Stefanini TechTeam Global.

The legal force is also present in Southfield via the attorneys who live and practice within the area. These attorneys are competent to handle the legal needs of residents and local businesses.

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