Consult an attorney for legal contracts
When you want to hire a contract attorney, it's important that you are clear about whether you are looking for a lawyer who specializes in business contract law, or a lawyer who works on a contract basis (and typically for far less money than associates or partners at a legal firm). The first definition is the one that counts here: experts who oversee the formalization of an agreement between two or more parties on a matter of business.
The Job of a Contract Attorney
Contract lawyers are experts in contract law and can address all of the issues involved in drawing up a legal contract. However, when problems arise, there are also contract dispute lawyers to represent the parties involved.
Simply put, a legal contract in business is an agreement between several parties that can cover a wide spectrum of matters, such as the sale of property, the hiring of an employee or independent contractor, the settlement of a dispute (between the company and an employee or independent contractor, for example) or the transfer of intellectual property ownership.
In order for a contract to be enforceable, it must meet certain requirements, and a big part of a contract lawyer's job is to confirm that those requirements are met.
The Basics of Making a Contract Lawful
The first requirement is mutual consent, which means all parties agree that they have a full understanding of the terms of the contract and are willing to make an exchange. For example, if a sale is completed for skates, and the seller offers hockey skates, but the buyer thought he or she was purchasing roller skates, then the requirement of mutual consent has clearly not been met. The contract could then be called into question and the exchange prevented.
The second requirement for a contract is mutual consideration, or the agreement that each party will receive something of value during an exchange, such as a business entering into an agreement to pay a network for television advertising spots.
Third, in order for a contract to be enforceable, there must be some discussion of performance or delivery. For example, a man in New York who purchases a car from a seller in San Diego should be aware of who will be responsible for the vehicle's delivery – this should be made clear in the contract. As for performance, certain contracts may contain elements such as good faith, whereby the seller is responsible if the car he sells does not operate properly once acquired by the buyer.