Contract law is a massive area of the legal profession and affects most people without their acknowledgement or understanding. Contract law covers common events for most such as their employment contract as well as a simple understanding of how a lottery syndicate may share its winnings and the responsibilities of the participants. Whenever money is involved along with more than one person it is easy to state that a contract should be drawn up to avoid future disputes.
The main purpose of any contract is to ensure that the parties involved know their obligations and responsibilities going into the arrangement and how the arrangement will be managed ongoing, including the process for extraditing individuals from the arrangement. If it is clear at the beginning it is an easy way to avoid disputes in the future. This does not mean that a contract cannot be disputed, this is the main reason we have courts. The purpose of the Judge is to give an impartial view on any dispute with the contract.
In most cases a court will uphold a contract unless coercion, duress or misinformation can be shown at the moment of signing and agreeing to the contract. If all parties are aware of the contract terms and conditions and how that will affect them then it is unlikely that the contract will be overturned. This is why it is imperative that professional advice is sought on arranging the contract. A professional contract lawyer will ensure that all parties are aware of the consequences of the contract and how it may affect them in the future. So often it is easy to think that saving a couple of thousand pounds is worth it when it is just a contract between friends – but these are the contracts that cause the most stress and lose friendships; so often over relatively small amounts of money! When two people enter into a contract they both have their idea of the meaning of the contract and the outcomes and rarely do they actually sit down and make sure they both agree. This is the cause of the dispute – simple misunderstanding that escalates into a court room battle with one being the loser but both in reality.
Here at Contract Law Advice we attempt to give you impartial information regarding the times when contract law is applicable. What are the pitfalls and how to address them is contained within the pages of this site. We have a forum where visitors are invited to share their views and experiences for the benefit of others. So often it is easy to be bamboozled into signing a contract without expressing one’s misunderstanding or reticent at certain clauses. Legal speak and the necessity for so many clauses can be overwhelming. If this is the case take heart that you are not the only one, so often it is easy for a solicitor to forget that the person across the desk is doing this for the first time when they spend their life doing it. If the information in this site can achieve one thing which is to make individuals more aware and to ask more questions then we have achieved our goal.