Areas of Legal Practice: Joseph J. Pappacoda
Everybody needs a written contract. The days of a verbal contract and handshake are all but gone in the United States, largely due to the vast changes in the moral and ethical fabric in our society, and the complexities inherent in the American jurisprudence system. Simply put, if you have a problem with a contract issue, you will invariably have proof issues in wanting to enforce the contract, or sue for damages on that contract.
What better way to prove your case than by pulling out a signed written contract that spells out the terms of your agreement? Many have said “If it’s not in writing, it doesn’t exist.” There is a lot of truth to that statement, because you may be faced with proving that the contract did in fact exist in order to be compensated on that contract. A written contract is nothing more than an agreement memorialized in writing. A clearly written contract can save time, headaches, confusion, problems, and potential lawsuits later on, due to a misunderstanding that existed between the parties at the onset.
It is very important indeed for the parties to be on the same page from the beginning, as to contract rights, responsibilities, obligations, and profit division. There is a written contract for virtually every facet of every industry, evidencing every legally binding deal in society today. You would be wise to seriously consider spelling out the terms of any prospective agreement in writing before investing your time, energy and financial support on those endeavors.
You may view a written contract the same way you view insurance, that is, when you need it-- you will have it.
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