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A lawyer addresses the practical concerns of their clients through the application of legal ideas and precedents. They are highly educated and licensed. A corporate lawyer specializes in matters affecting the creation, operation or dissolution of a corporation and often, but not always, has corporations as their clients. more »
If you are a landlord with multiple properties, it's no mystery that there is a lot of work involved and too much for one person to take on alone. Because so much maintenance needs to take place regularly, it is necessary to hire a contractor or a maintenance person. In this instance, you will need to draw up building maintenance... more »
Training to become a lawyer can be expensive and academically challenging. Working hours are long, the work itself is hard and days can be highly stressful. However, law salaries can be extremely high and you will be given vast responsibility from day one. more »
To become a lawyer and accountant, you will need to obtain two degrees: a juris doctorate, or law degree, and a bachelor's degree in accounting. In order to receive licensing as both a lawyer and Certified Public Accountant, you will need to take state exams in both disciplines. Here are some tips to assist in navigating the process... more »
Sports and entertainment lawyers represent football players, movie stars and musicians in all aspects of their careers. Celebrities need lawyers to wade through dense contract language, negotiate endorsements and head off legal issues before they become public. This niche in the legal profession is becoming more prominent as celebrity... more »
Whether you're looking for information on prenuptial agreements, divorce law or child support,...
Writing a clear and fair contract is essential for any deal. Avoid signing your life away:...
Why do prices rise and fall? Products do not magically morph into different forms over time....
The world of commodities trading and stock options can be confusing to the outsider. Let some...
There are ways to protect yourself without each and every time running to a lawyer. Although, it is recommended you have a legal professional,... more »
Entertainment law, which frequently coincides with intellectual property matters, encompasses an extensive spectrum of legal subdivisions,... more »
Contracts are legally binding agreements between two or more parties. The parties that enter into a contract can be individuals, businesses,... more »
A land contract is also called a trust deed or a contract for deed. It is a legal contract used in the purchase of real estate. A land contract... more »
Real estate contracts are used to protect the interests of the seller as well as the real estate agent. If you want to make it easier on yourself... more »
In law, a contract is a binding legal agreement that is enforceable in a court of law. That is to say, a contract is an exchange of promises for the breach of which the law will provide a remedy.
Agreement is said to be reached when an offer capable of immediate acceptance is met with a "mirror image" acceptance (ie, an unqualified acceptance). The parties must have the necessary capacity to contract and the contract must not be either trifling, indeterminate, impossible or illegal. Contract law is based on the principle expressed in the Latin phrase pacta sunt servanda (usually translated "pacts must be kept", but more literally "agreements are to be kept").Hans Wehberg, Pacta Sunt Servanda, The American Journal of International Law, Vol. 53, No. 4 (Oct., 1959), p.775. Breach of contract is recognized by the law and remedies can be provided.
As long as the good or service provided is legal, any oral agreement between two parties can constitute a binding legal contract. The practical limitation to this, however, is that only parties to a written agreement have material evidence (the written contract itself) to prove the actual terms uttered at the time the agreement was struck. In daily life, most contracts can be and are made orally, such as purchasing a book or a sandwich. Sometimes written contracts are required by either the parties, or by statutory law within various jurisdiction for certain types of agreement. For example when buying a housee.g. In England, s. 52, Law of Property Act 1900 or land.
Contract law can be classified, as is habitual in civil law systems, as part of a general law of obligations (along with tort, unjust enrichment or restitution).
According to legal scholar Sir John William Salmond, a contract is "an agreement creating and defining the obligations between two or more parties".
As a means of economic ordering, contract relies on the notion of consensual exchange and has been extensively discussed in read more at » http://en.wikipedia.org/wiki/Contract
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