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Elements of a Contract Offer - One of the parties made a promise to do or refrain from doing some specified action in the future. Consideration - Something of value was promised in exchange for the specified action or nonaction.Acceptance - The offer was accepted unambiguously.

If you're asking whether you need a lawyer to draft a contract, legally, the answer is no. Anyone can draft a contract on their own and as long as the elements above are included and both parties are legally competent and consent to the agreement, it is generally lawful.

Learn about written, verbal, standard form and period contracts, and things to be aware of before you make an agreement.

Ten Tips for Making Solid Business Agreements and Contracts Get it in writing.Keep it simple.Deal with the right person.Identify each party correctly.Spell out all of the details.Specify payment obligations.Agree on circumstances that terminate the contract.Agree on a way to resolve disputes.

Most lawyers draft their own templates based on the specific areas on contract law they practice and the laws in the state they operate in. While there are some lawyers who insist on creating every contract from scratch, they are, in essence, just reinventing the wheel.

6 Things to Look for During a Contract Review Key Clauses & Terms. Every line in a contract is important and needs to be reviewed closely, but some clauses and terms are clearly more significant than others.Termination & Renewal Terms.Clear, Unambiguous Language.No Blank Spaces.Default Terms.Important Dates & Deadlines.

The force majeure, or greater force, clause details what to do when circumstances arise that are beyond anyone's control. Sometimes parties cannot perform their obligations due to unprecedented and unexpected events.

The most common contract is a permanent contract, which means the term of work is indefinite. Employees on permanent contracts can be full-time or part-time and typically receive benefits.

There are four main types of contract businesses use, these are permanent, fixed-term, casual and zero hour. The contract you receive is based on your employment status and is to be agreed with the employer to ensure both parties are happy with its terms.

In general, a good contract is understandable and unambiguous. Although you may wish to consult with a lawyer to review the contract from a legal perspective. You should be able to understand what is being agreed to just by reading it, although occasional jargon does come with the territory.