Black’s Law Dictionary defines a contract as a “legal agreement between two or more people or organizations where all agree to specific actions.” As proof of these contracts, legal documents are written up, which can be used as proof in any & all legal disputes including those requiring a Baltimore personal injury attorney. Legal documents/contracts are used in family law, commerce, real estate, and intellectual property- just to mention a few. When you’re creating a legally binding contract, you must consider the legality of the contract and be clear about what is involved in the contract- the legal obligations of both parties and what will (or won’t) happen if either party doesn’t follow through on their end of the agreement.
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Contracts involving illegal activity are not legally binding.
When it comes to legal contracts, you should only involve legal activity. In order for a contract to be legally binding, it must not involve illegal activities or products. Things such as drugs, violence, or theft render an otherwise legal contract null and void.
Contracts involve at least two voluntary parties.
Legal contracts must involve at least two, but can involve more, voluntary parties. If there is only one party involved, it is not a legal contract. Additionally, it is only legal if all parties are there of their own free will and not forced into it.
Children are not considered legal parties.
All parties involved in a legal contract must be an adult and be sane and sober. If any of the parties are underage, intoxicated, or otherwise mentally incompetent, the contract is not legal.
Legal contracts list all obligations of all parties.
An offer is stated in the contract and the offer specifically outlines the obligations of each party. Contractual offers are typically conditional- all parties must meet their specific obligations.
Signing a contract is acceptance of the contract.
In contracts, all parties must sign agreeing to the terms of the contract. A signature indicates acceptance of the contract. If the initial contract is not signed, parties can make adjustments and re-offer the contract. However, until all parties are satisfied with the terms, a contract is not legal.