When parties to an agreement intend it to have legal effect, that agreement is called a contract. In North Carolina, contracts might be oral or written, as long as both parties have the same understanding of the terms of the agreement. 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 Kernersville

Negotiating the particular terms of a contract is crucial. There are several terms that should be included in every Kernersville contract to ensure that the agreement protects the interests of the parties. 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

It may save you time to use a form contract instead of drafting your own. Even so, you may want an attorney in Kernersville, North Carolina to add or remove provisions, or to simply make the contract language more clear. There are risks to using a contract that neither party has written, particularly if you proceed without the advice 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, using a contract that someone else has written can obligate the parties to a contract clause that they do not understand. Whether you negotiate or use a form, an attorney can help ensure that the written contract matches your intent. Many lawyers in Kernersville are experts in North Carolina contract law.