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 usually 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 Mount Airy
Negotiating the particular terms of a contract is crucial. There are several terms that should be included in every Mount Airy 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
If an agreement needs a good starting point, you may want to consider a form contract. An attorney in Mount Airy,North Carolina can add or remove clauses 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 guidance of an attorney may pose problems. First, parties are less likely to read form contracts completely, which may lead to one side being unaware of their duties under the contract. Second, the challenging language used in the field of contracts can make agreements written by others challenging to understand. Whether you negotiate or use a form, an attorney can help ensure that the written contract matches your intent. Many lawyers in Mount Airy are experts in North Carolina contract law.