When you have a contract with another party, one of the worst things that can happen is a breach of contract. A breach of contract has two forms, a material breach and a minor breach.
A binding contract is a legal document that holds both parties to their agreement. A contract can be written or oral, which is something many people don't understand. When you say that you'll do something and both parties agree, that's a verbal contract. Certain types of contracts, like real estate contracts, must be in writing, but for other types of contracts, oral agreements can be enough.
Breaching a contract is a serious offense. If you have a contract with another business, and they don't hold up their end of the arrangements, it could put you in a difficult position. No one wants to turn to the law for help, but when your business is on the line, a violation of a contract may be enough to result in a claim.
When you're contracted to work for another company, you expect to get paid. That's a problem that is faced by Transportation Security Administration (TSA) agents at Punta Gorda Airport (PGD). The government has already shut down once, and if there is a shutdown again, it could mean that these agents are again working without pay.
If you consider signing a contract that does not really specify the financial details, instead giving you a ballpark estimate that may or may not be accurate, you need to be concerned. Take the time to look over the details and don't sign anything until you really understand what you're agreeing to.
You and a supposed business partner sign a contract. Your companies agree to work with one another. Perhaps you're buying parts for a specific product that you make and sell, and the other company is the supplier. You agree to pay X amount for monthly shipments of the parts that you need.
Maybe you saw a deal that was so good you could not pass it up. Maybe you had your eye on a house and you jumped on it when it finally hit the market.
When many people hire contractors to make home repairs and improvements, they just assume that the job will be done in a specific way. This may work out, but the problem arises when the contractor has different assumptions and the two do not agree on the scope of the project.
It can feel a bit awkward to ask someone for a written contract when they just want to shake hands and call it good. However, the reality is that handshake deals can be very problematic. You absolutely want to get that contract on paper.
Are you considering purchasing your first home in Miami? Do you want to sell your property? If you answered yes to either of these questions, then you likely want to know what is needed for a real estate contract to be considered valid.