Contracts

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Arbitration

Commercial Leases

Independent Contractors

Questions & Answers: Contracts

Denise, This is definitely something you need to see an attorney about immediately. Just determining the correct date on which the 1 year period begins is involved. And while there...

Hi all I was awarded "Cost Bill", since the total is about $800.00. I understand that I have to fill out or prepare a "Cost Bill" form plus a Memorandum of Costs and a Affidavit th...

I entered a commercial lease and the landlord had knowledge of a mold problem in the building and did not disclose it to me before I signed the lease and before he took my security...

I have a business tenant leasing space on a week to week basis. I have to termiate due to many problems with that tenant. A verbal termination has been administered. The written no...

A company in Harvey, North Dakota owes myself $26,949.00 & neighbor, farm partner of mine, $17260.51. We have signed contracts & a year has passed with no payment. How do we proce...

Ardel, Is there a written lease? If so, does it specify a certain amount of notice? Also, in what state is the lease property located? Steve Daily LawServer.com...

Typically, businesses purchase goods or services from each other through the use of written contracts. A good business agreement is made up of several elements, as discussed below.

Offer

An offer is the first step of forming a valid contract. An offer is a verbal or written promise to do something or a promise not to do something that the he has a legal right to do. The person making the offer is called the offeror.

For example, if a house painting business promises to paint a commercial warehouse for $500, then the painting business has made an offer.

If a person agrees to do something, agrees not to do something he has a legal right to do, sells something, or buys something, but the terms of an agreement have not been placed in writing, then it is likely an oral contract has been formed.