When parties to an agreement intend it to have legal effect, that agreement is called a contract. In New York, contracts may be oral or written, as long as both parties have the same understanding of the terms of the agreement. 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 Massapequa Park
Negotiating the specific terms of a contract is crucial. There are several terms that should be included in every Massapequa Park contract to ensure that the agreement protects the interests of the parties. Being forthright about your intentions early on can be helpful, because it allows the terms of the contract to be determined based on clear expectations. Lastly, a clause that determines how to handle a dispute under the contract may be worthwhile to negotiate.
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 Massapequa Park, New York to add or remove terms, or to simply make the contract language more clear. Using a form contract without the help of an attorney may pose problems. First, parties are less likely to read form contracts thoroughly, which may lead to one side being unaware of their duties under the contract. Second, the difficult language used in the field of contracts can make agreements written by others hard to understand. Attorneys can help ensure that a written contract matches the intent of the parties, whether negotiating a contract or using a form. New York contract law is a field in which many Massapequa Park attorneys have specialized.