When parties to an agreement intend it to have legal effect, that agreement is called a contract. In North Carolina, contracts may 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 Mocksville
Negotiating the specific terms of a contract is crucial. There are several terms that should be included in every Mocksville contract to ensure that the agreement protects the interests of the parties. Being forthright 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
If an agreement needs a good starting point, you may want to consider a form contract. An attorney in Mocksville,North Carolina can add or remove provisions according to the intent of the parties, and even the specific language can be made more comprehensible so that expectations are clear. Using a form contract without the help of an attorney may pose problems. First, a party using a form contract may not have thoroughly 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 often contain language that is specific to the field of law, and using forms without an understanding of this language can cause future disagreements over a contract's meaning. With either a negotiated contract or a form, an attorney can ensure that the written document matches the intent of each party. Attorneys in Mocksville often specialize in North Carolina contract law.