What is a contract?

 

What is a contract?

A contract is a promise or set of promises, for breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a duty. 

Risk. The biggest risk is not having a signed comprehensive contract; the second biggest risks, is in not fully understanding your contract.

Before you sign a contract and commit yourself and possibly all of your personal assets, ask yourself the following questions:

  • Do I clearly understand what exactly I am promising? 
  • Has the other party made any real promises?  
  • What are my rights?  Do I fully understand them?
  • Am I personally liable for the promises made?
  • Are my personal assets at risk of seizure and sale?
  • Is the contract enforceable?

 

    Michelle L. Grenier is an experienced Business Lawyer and will provide you with cost effective, comprehensive legal analysis and advice concerning your contracts.

     Click here to schedule a Consultation followed by a Free Written Summary with Anaylsis of your business goals, corresponding legal issues, costs involved, and more.