A poorly written contract is a major liability for you and your business. You can avoid the risks and potential consequences caused by an improperly prepared contract by working with an attorney beginning in the creation stage.
Creating an ironclad agreement is a highly specialized skill and we take pride in offering this service to our clients. There is no room for ambiguity or confusion in contract creation, so don’t take the chance of finding yourself in contractual hot water.
We don’t just talk about the importance of plainly worded terms, we perform this in our own business, too. Our rates are clearly stated upfront in our flat-fee pricing system.
What does a contract need to be valid in Florida?
Your contract cannot involve anything illegal or impossible. While this may seem like common sense, the complexity and sheer volume of state and federal laws can lead to gray areas, which is not what you want when creating a contract. It is beneficial to work with legal experts who know how to draft terms that are unequivocal and leave no room for interpretation. Having a clearly stated contract, with no gray areas, is crucial for any type of transaction.
Contracts must also be entered into by capable parties. If one of the individuals involved in the contract does not have the capacity to understand the terms, then the agreement is not valid. In most cases, this also includes minors under the age of 18.
Are oral contracts legally binding?
They can be. Are they as easy to enforce as a written contract? Not usually. The difficulty comes in proving the terms and conditions of an oral agreement. It is very easy to enter the he-said-she-said realm of arguments if there is ever a dispute over an oral contract. However, as a general rule, an oral contract is legally binding.
As per usual when dealing with complex legal matters, there are exceptions to this rule. Some types of contracts are required to be in writing. Transactions that involve real estate or extended time frames must meet additional criteria to be considered valid, one of which is being in writing. Our attorneys have over 40 years of combined experience and we are confident that we can help you clear up any confusion regarding contract requirements.
What are the elements of a contract?
Aside from plainly stated terms, there are a few other conditions that must be met for a contract to be valid. Each party involved must also have agreed to exchange something of value. There are endless scenarios that could fit within this value designation, so please contact us to discuss the exact details of your unique circumstances. We can determine if this condition has been met and, if not, help you come up with reasonable solutions.
Contracts in Florida are also bound by an objective reasonability test. This means that the terms of your contract must be such that any reasonable person in your situation would have understood and agreed to them.
You do not have to worry about contract wording or legal requirements when you work with us, because this is our forte. Call us at 727-477-2255 to schedule a consultation.