Letter of Intent Sample. Send a letter of intent to indicate your intention on a particular matter.
As is the case with all letters, the style and wording you use in a letter depends on the specific circumstances. Use appropriate tone in your letters, depending on your audience. For example, if you know the recipient well and are not sending a formal letter of intent, you can use more casual tone. Common Contract Terms Explained. Hiring the right personal injury attorney to represent you is critical and can literally make or break your case.
When meeting with an attorney for the first time, there are a lot of questions that need to be asked to decipher if an attorney is a viable fit for your case, and for you personally. The following are the top ten questions that should be discussed in your first meeting with a personal injury lawyer: How many years have you practiced law, specifically personal injury? Contract Law - Contracts, Party, Parties, Legal, Agreement, and Terms. Contracts Basics - Small Business. Most businesspersons enter into contracts more frequently than they may realize.
In almost all business dealings, any time you or your company agree to take some action or make a payment in exchange for anything of value, a legal contract has been created. For example, most bills of sale, purchase orders, employment agreements, and other common business transactions are legally enforceable contracts. Following is a discussion to help you understand the basics of contracts. Common Contract Clauses. By Aaron Larson Law Offices of Aaron Larson October, 2003; Last Reviewed Dec., 2010.
When reviewing a contract, certain language or clauses may seem peculiar to a layperson. The purpose of this article is to help explain the purpose and effect of certain language commonly found in contracts. Mistake (contract law) Mistake can be- (1)Mistake of Law (2)Mistake of Fact Mistake of law: when a party enters into a contract, without the knowledge of the law in the country, the contract is affected by such mistakes but it is not void.
A contract is not voidable because it was caused by a mistake as to any law in force in India. The reason here is that ignorance of law is not an excuse at all. However if a party is induced to enter into a contract by the mistake of law then such a contract is not valid. Glossary of Common Contract Terms | Company Activities & Management > Contracts & Bids from AllBusiness. Every contract contains an offer, acceptance, and consideration.
Find out what these and other contractual terms mean by browsing through this list of key contract definitions: Acceptance: When you accept an offer, it must be an unconditional and unequivocal acceptance to the exact terms of the offer. If not, it becomes a counteroffer. Arbitration: Arbitration clauses set up provisions whereby independent and binding arbitrators settle contractual disputes. Boilerplate: Standard contract clauses use universal language as a type of template.