When you risk money, property and time, you depend upon the fulfillment of the contract by the other parties. Having a contract that is enforceable before a conflict arises is critically important. Although you may believe that all parties have come to an agreement, your agreement may not be legally enforceable. To be enforceable, your agreement must be a contract which, by its terms and elements, is legally binding. And while you may strongly believe that your agreement will be honored by the other party, are you also certain that their heirs, legatees or assigns, that is, those who take their place if they die or transfer their interests, will also understand and honor your agreement?
When parties have a good relationship and trust one another, a contract provides a clear written understanding of what each party expects and a guide for performance in case of breach or if one party dies, becomes disabled, leaves or sells a business. A good contract is just good business. Simple or complex, at Legacy Law Firm we work with you to create a clear, binding contract or review proposed and existing contracts to assure enforceability.