Anyone can draft a contract on their own behalf, but when should you hire an attorney? An attorney is important when the proposed deal is crucial in nature, either to your life or business, or when the terms are complex.
Lawyers are trained to write contracts that clearly explain what each party will do and to anticipate problems that might arise. When they review contracts that other people have written, lawyers keep an eye out for key terms that might be missing and suggest additional clauses if needed.
Legally binding contracts can be done both in writing or orally. However, when it comes to business transactions, it's best to have the majority of your contracts in writing. There is no law requiring contracts to be written by a lawyer. There are no laws that indicate any specific form or font they should be in.
Yale University. American Contract Law I. Yale University. American Contract Law II. University of Illinois Urbana-Champaign. Corporate & Commercial Law I: Contracts & Employment Law. University of Michigan. Yale University. University of London. University of Pennsylvania. University of Maryland, College Park.