Contract Law determines when promises are enforceable. The fundamental requirements for forming a binding contract are an offer, acceptance and consideration. To be enforceable, a contract must be formed by competent parties, who give their consent, to a legal agreement. M M Fuchs can assist you the client in drafting of any contract that best suits your specific needs.
The law recognizes a number of different types of legally binding contracts:
Quite often contracts are a mixture of verbal and written agreements, for example:
If a written contract does not appear to be complete, verbal undertakings will be considered
In business arrangements, it is usually preferable to have a full written contract in order to avoid all the pitfalls of:
One reason to sue over a contract is when one party commits a breach of contract / stops doing, or fails to do, what the contract states should be done.
