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Why Agreements or Contracts?

Contract: To enter into an agreement.

An agreement with specific terms between two or more persons or entities in which there is a promise to do something in return for a valuable benefit known as consideration. Since the law of contracts is at the heart of most business dealings, it is one of the three or four most significant areas of legal concern and can involve variations on circumstances and complexities. The existence of a contract requires finding the following factual elements:

  1. An offer;
  2. An acceptance of that offer which results in a meeting of the minds;
  3. A promise to perform;
  4. A valuable consideration (which can be a promise or payment in some form); e) A time or event when performance must be made (meet commitments);
  5. Terms and conditions for performance, including fulfilling promises;
  6. Performance.

Contracts can be either written or oral, but oral contracts are more difficult to prove and in most jurisdictions the time to sue on the contract is shorter (such as two years for oral compared to four years for written). In some cases a contract can consist of several documents, such as a series of letters, orders, offers and counteroffers. There are a variety of types of contracts: “conditional” on an event occurring; “joint and several,” in which several parties make a joint promise to perform, but each is responsible; “implied,” in which the courts will determine there is a contract based on the circumstances.

Parties can contract to supply all another’s requirements, buy all the products made, or enter into an option to renew a contract. The variations are almost limitless.

  • General Manager Agreement
  • Price: $250.00
  • Confidentiality Agreement
    Price: $250.00
  • Company Sales or Purchase Contract
    Price: $250.00
  • Foundation Protector Agreement
    Price: $295.00
  • Private Annuity Contract
    Price: $250.00
  • Form of Donation to Foundation
    Price: $250.00
  • Investment Advisory Agreement
    Price: $250.00
  • Certificate of Incorporation
    Price: $75.00