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A contract is defined as a legally binding document that outlines the obligations and responsibilities of both parties in a business relationship. Don’t know what to look for? Here are some clauses your Wisconsin contract attorney should include.
What Should I Know When Signing a Wedding Contract?
What Are Contract Requirements?
While contract requirements can vary, most contracts should include the capable parties, subject matter, venue, and fee consideration. The McLario Firm will always make sure your contracts meet state requirements.
Who Is Considered A “Capable Party”?
When drafting a contract, make sure you know who you’re dealing with. If you’re creating a contract with an individual, be sure that the person is of capable age of 18 and has the legal right to enter into contracts. If you’re drafting a contract with a business, make sure it’s an authorized and legitimate business. Check to ensure if it is, if it isn’t, don’t proceed.
What Is A “Venue Provision”?
A venue provision states where the contract will be governed or binding, where disputes will be resolved, and where the contract will be performed. If you fail to include a venue provision in your contract and a dispute arises, the courts will determine which jurisdiction has the most compelling interest in resolving the dispute, which may not always be in your favor so take note.
Why Is An “Attorney’s Fee Provision” Important?
When you enter into a contract with another party, you want to be sure they will keep their end of the bargain and fulfill their obligations under the contract. An attorney’s fee provision allows you to recover your legal costs if the other party breaches the contract. An attorney’s fee provision states you’re entitled to reasonable attorney’s fees if the other party fails to perform or breaches the contract. Very important! This is subject to approval by the court and the fee must be within the scope of the law.
Contract clauses protect your interests and comply with the law, and each clause has significance. A contract with anyone should comply with state and federal law and protect your interests.
If you need to make sure a contract you’re working on or considering is legally binding, please reach out to The McLario Firm today!
When you contact our Milwaukee area law firm, your case will be treated like a unique request for assistance.