Contract Law For Dummies In Franklin

State:
Multi-State
County:
Franklin
Control #:
US-00102BG
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

A detailed analysis of the laws affecting construction contracts including:


" Offer and acceptance;

" Written agreements: integration and merger;

" Mutuality and consideration;

" Expressed and implied obligations;

" Waiver and Disclaimer of Implied Warranty of Habitability;

" Breach and Enforcement: finding materiality and damages;

" Remedies and Procedure in Actions Involving Building and Construction Contracts;


Also includes sample forms from the USLF Website as follows:


" Sample Contract Clause Limiting Remedies;

" Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments;

" Sample count in suit for rescission;

" Petition for Rescission of Contract Failure of Contractor to Obtain Building Permit;

" Complaint for Damages, Specific Performance of Contract, and
Appointment of Special Master to Oversee Construction against Contractor and Agent's Breach of Contract to Construct House;

" Sample Construction Contract Change Order; Sample contract clause regarding arbitration;

" Labor and Material Payment Bond;

" Contract For Construction of a Commercial Building;

" Mechanics' Liens;

" Construction defects;

" Licensing Issues in Mississippi;

" E-discovery; and

" Electronic Message Archiving;

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  • Preview Contracting and Construction Law Handbook
  • Preview Contracting and Construction Law Handbook
  • Preview Contracting and Construction Law Handbook
  • Preview Contracting and Construction Law Handbook
  • Preview Contracting and Construction Law Handbook
  • Preview Contracting and Construction Law Handbook
  • Preview Contracting and Construction Law Handbook

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FAQ

There are four essential elements of forming a contract: offer, acceptance, consideration, and intention to create legal relations. Beyond this, the terms of the contract must also be unambiguous, and the parties must have the mental capacity to agree.

There are four essential elements of forming a contract: offer, acceptance, consideration, and intention to create legal relations.

For a contract to be binding it needs to satisfy four principles, offer, acceptance, consideration, and the intention to create legal relations. Generally, the law believes that an agreement is made when one party makes an offer and the other party accepts it.

The legal definition of consideration is based on the concept of a "bargained-for exchange." This means that both parties are getting something that they've agreed to, usually something of value for something of value. Say, for example, that your neighbor admires your bicycle.

An essential tool in the arsenal of negotiators is understanding the 4 P's of contract negotiations: Preparation, Process, People, and Product. This framework offers a comprehensive approach to negotiations, ensuring that every aspect is meticulously planned and executed.

The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

How to draft a contract between two parties: A step-by-step checklist Know your parties. Agree on the terms. Set clear boundaries. Spell out the consequences. Specify how you will resolve disputes. Cover confidentiality. Check the legality of the contract. Open it up to negotiation.

A simple contract might include an agreement between two acquaintances to exchange one service for another. For example, if one person is a plumber and the other an electrician, they might agree to complete certain work for each other as a trade exchange.

Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Include a description of how the contract will be ended. Write into the contract which laws apply and how disputes will be resolved. Include space for signatures.

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Contract Law For Dummies In Franklin