Content Related To 'contracts'

Contracts for Freelance Services

Lea en español An important action that freelance service providers and business owners can take for protection is to create a contract for every client. Specific information about fees, services and expectations can improve business relationships. Clients should be sure they read, understand and sign the contract before receiving services. Business owners are not required […]

Contract Consideration

“Consideration” must be given before a contract can exist. This is defined as something of legal value given in exchange for a promise. The most common types consist of either a tangible payment such as money or property or by providing useful services. Written contracts are presumed to be supported by consideration. A few states […]

Signature Liability

Signature liability is when a person cannot be held contractually liable on a negotiable instrument unless his or her signature appears on the instrument. A signature on a negotiable instrument identifies who is obligated to pay for it. If it is unclear who the signer is, parol evidence can identify the signer.

Binding promises of a contract

The agreement in a contract is between two or more entities (individuals, businesses, organizations or government agencies) to do or to avoid doing a particular thing in substitute for something of value. Contracts are either written, using formal or informal terms, or verbal. If one side fails to live up to its part of the […]

Contracts

Contracts are promises that the law will make obligatory. The law provides remedies if a promise is breached or recognizes the performance of a promise as a duty. Contracts arise when a duty does or may come into existence because of a promise made by one of the parties. To be legally binding as a […]