A contract, is an agreement made between more than one party that could be enforced in a court of law. It is obviously important for all parties to have a strong contract that is as fair as possible and which meets your companies needs.
We can assist with:
- Drafting of contracts
- Checking contracts
- Negotiating contracts
- Breach of contract
- Cancelling contracts
A number of elements must exist before the courts recognise that a contact exists. These are an offer made, the offer is accepted, that the parties intent to be legally bound to each other and that payment or something of value is exchanged. This is called ‘consideration’.
If a party fails to honour his side of the agreement, the injured party could invite a County Court to make good his losses and place him in such a position as if the contract had been correctly effected. Generally this is money.
If a contract is broken and the injured party has suffered no actual loss, a court may find that the contact has been breached or broken but will make no order an is likely to dismiss the claim.