There's an old saying that goes something like, "An oral contract is worth the paper that it's written on," but is that the truth? Are handshake deals nothing more than promises in the air with no real substance behind them?
Offer, acceptance and consideration are the main building blocks of any contract. Until all three of those things are present, there isn't a legally enforceable agreement.
When two parties make a contract, there are often a lot of different provisions and terms that are included. Many of those terms have to do with procedural issues (like how payments are to be made and how often updates are supposed to be given on a project). Other provisions may involve details and plans for a project, including things like design and delivery agreements.
Your home is important to you -- so when you hire a contractor to do renovations or build an addition, you expect your contractor to live up to his or her end of the bargain.
In any business deal, all the involved parties are expected to look out for themselves, but that doesn't mean that a party can resort to trickery just to make a deal.
Home warranty plans have been picking up in popularity, mostly thanks to aggressive advertising campaigns that appeal to the homeowner's worry that something expensive will suddenly break and need a repair.
Contracts are designed to avoid problems, not create them. One careless agreement, however, can wrap your entire business in legal issues that you're far better off avoiding.
When you freelance in the creative arts for a living, contracts can save your finances and your reputation -- but many freelancers don't know how to begin drafting a good contract or understand exactly why they need one.
A number of Florida residents are very unhappy with their insurance company after filing claims for damage from Hurricane Irma several months ago.
Most employees think of a contract as something that protects them from getting fired for no good reason. They don't think of it as something that also legally binds them to a job they might decide they hate.