Any time a legal contract is needed, there is also a need for a contract lawyer. Signing a contract without first seeking the advice of a lawyer could lead to negative legal consequences if you do not fully understand the agreement that you are entering into.
At Spratlin Law Office, we offer a team of contract lawyers in Sherwood Park who can help you draft an appropriate contract for your agreement or give you advice and fully explain a contract that has been offered to you. With over 40 years of experience, our law office has the expertise you need during the contract process. We will meet with you to discuss your situation and work together to ensure your legal rights are protected.
A contract is any legally binding agreement between two or more persons for some particular purpose. Agreements made in a legal contract are intended to be enforceable by law.
Most contracts only need to meet two requirements in order to be legally enforceable. All parties must be in agreement on the contract. This usually occurs after one party has made an offer to the other and it has been accepted. Secondly, something of value must be agreed to be exchanged. This could mean any number of things such as delivering an item in return for a certain price, providing a service in exchange for a certain salary, or refraining from doing something in return for compensation. If these two conditions are met, the contract is considered legally valid.
There are three common types of contracts that are most often used today. They include:
Contract of sale
This agreement gives ownership of property to an individual in return for payment of a certain price.
The lease and hire of services
In this agreement, a person offers his services to another in return for a salary paid to the individual.
The lease and hire of things
This type of agreement grants temporary enjoyment of property (i.e., an apartment) in return for a price (rent).
When a contract is entered into, certain obligations are created for the parties involved. Legally, one party’s failure to fulfill any of the contractual obligations is known as a breach of the contract. A breach can occur in many different ways, depending on the specifics of the contract. Perhaps the party did not perform on time or in accordance with the agreement or maybe not at all.
If a breach of contract occurs or is alleged, one or both of the parties may request that the contract be enforced on their terms or may try to recover payment for any financial harm caused by the breach. When informal resolution attempts fail to resolve the breach, a lawsuit is the next step. Parties can also choose to try to solve the dispute with a mediator rather than going to court.
At Spratlin Law Office, we have a team of contract lawyers in Sherwood Park who can help you throughout any step of the contract process. Are you first entering into a contract and need advice? Do you believe there has been a breach of contract and need legal representation for the court case? Our team of experts is here to help. Give us a call today to schedule a consultation.