By Lisa Monroe
The days of a person’s word or a deal being sealed with a handshake are a thing of the past in our society. It doesn’t mean anything until it has all been put into writing and signed by all the parties involved. Contracts are made to make sure all of the parties involved agree to what will be taking placehttp://tinyurl.com/ljbjtb Should they not keep their part of the deal they can be taken to court where a judge will decide what course of action needs to be taken to resolve the situation.
There are many different types of contracts out there. They are very common in the world of business. They also have to do with employment, financing for various projects, personal agreements, work relationships, and for services to be provided. People want to make sure their rights are covered so they engage in a contract to protect them and to ensure they get paid for the work they are agreeing to do.
A contract can be as basic or as complicated as you want it to be. Some are very simple in nature and only a page long. For example you may have a contract with your child that they won’t drink and drive. They agree to call home if they need a ride and you agree to provide it. Some common stipulations are that they don’t have to explain why they need a ride and you will provide it regardless of what time it is.
Other contracts are hundreds of pages long and they have complicated terminology. Before you sign any type of contract you need to make sure you take the time to read it. If you don’t understand something have an attorney look it over for you. There are some scammers out there that know how to write contracts that may not be ethical but they are still legal. They can be open to interpretation in a court of law so make sure you fully understand what is taking place.
Contracts can be later amended if both parties agree to it. This is done by additional information being written down and then both parties sign it. A contract isn’t valid if all the parties involved haven’t signed it. For more information about contracts visithttp://tinyurl.com/ljbjtb
“Lisa Monroe is a Prolific Writer, Forensic Editor & respected Instructor in Social Sciences & Humanities. She enthusiastically studies past and current behavior & interaction, is a dedicated teacher & married mother of three children living in Sugar Land, Texas.” More of Lisa’s articles can be found here http://www.txrus.com