Stack Numbers Contract For Free

A contract is an agreement between parties, creating mutual obligations that are enforceable by law. 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.

If the number is approximate (e.g. 'around six hundred years ago') it should be spelled out. Very large numbers should generally be expressed without using rows of zeros where possible (e.g. $3.5 million instead of $3,500,000). In contracts, the use of both words and numbers is common in order to increase certainty.

This comes from contract style. Lawyers often place numerals (14) in parentheses in contracts in case the written number (fourteen) is misspelled and to avoid any other claim by a party to the contract that they misunderstood the contract or that a referenced number was not in the contract.

Many lawyers love to write numbers twice ? Some lawyers say it provides clarity. Some say it helps to identify the numbers as numbers (really?). Some do it because ?it's always been done that way.? And others do it to make themselves look important.

The private contracts between parties cannot prevail over public policy and public law. If there is a conflict, the law prevails.

The rules of law that apply to contracts make precise word use in contracts important. If the language in a contract is clear, explicit, and unambiguous, no additional evidence can be considered regarding what the contract means and what the parties intended.

Courts generally accept the principle of contract interpretation that favors words over digits. In one Texas case, a loan document read that the principal amount of the loan was ?ONE MILLION SEVEN THOUSAND AND NO/100 ($1,700,000.00) DOLLARS?. [1] The amount actually received by the borrower was the larger amount.