Contracts and agreements are critical for business operational success. In earlier years, there were few written contracts, but in today’s society, people have opted for agreements in writing, rather than a simple handshake. Understanding how contracts work and the law surrounding them is key to keeping your business afloat. At Wilson Legal Solutions, we can help you navigate through the complexities of contracts and the Minnesota laws you may encounter. Keep reading to learn more or contact Anthony Wilson to get started today!
How Attorney Anthony Wilson Can Help You Navigate the World of Contract Law
Enforceable Contracts = Valid Contracts
For a contract to be valid, it must be clear and specific–this can be where many business owners get lost. All the complex verbiage isn’t just there to confuse you, but rather to protect the parties in agreement. Certain criteria must be met for a contract to be enforceable or valid. If a contractual agreement is breached by a party, then a lawsuit may entail. Having the proper business attorney, like Attorney Anthony Wilson, can help protect you by ensuring that your contracts meet the requirements, so if a lawsuit were to arise, you would have a qualified Minnesota lawyer on your side through the legal process.
Essentials Of Business Contracts
As mentioned before there are certain requirements for a contract to be deemed enforceable or valid. These requirements include the following:
Offer
Acceptance
Consideration
Mutual Consent
Competence
Legal Purpose
The first four pertain to the agreement itself, while the final two relate directly to the parties agreeing. While verbal agreements can have the force of law, there are some circumstances where a written agreement is best:
Agreements that cannot be performed within a year from the date the contract was signed
Contracts for the sale of goods exceeding $5000
Contracts that involve the sale or transfer of land
Promised made in consideration of marriage (prenuptial agreements, for example)
Minnesota business attorney, Anthony Wilson, can help ensure your contract meets the requirements in case any legal litigation case should arise.
Contract Disputes
As mentioned above, there could be some situations where a party does not hold up their end of the agreement resulting in a contract dispute. Attorney Anthony Wilson can help you through this complex process to find a solution right for your situation, whether that be contract fulfillment or compensation.
The Value of A Business Attorney
Contracts can be confusing and sometimes lead to complex legal issues that must be dealt with in a court. Starting a business may seem complicated, but having the right legal team can help protect your business in many different ways— including contract law. At Wilson Legal Solutions, our team and experienced business attorney, Anthony Wilson, can help you through the complexities of your business situation.
Do you have a question about your current business state? Are you needing a contract prepared or are you in need of legal advice through contract dispute resolution services? Anthony Wilson can help. Get started today.