UNDERSTANDING CONTRACTS
Phoenix, AZ
At the most basic level, contracts are agreements creating obligations that become enforceable by law. To have a contract in place, the contracting parties must have a mutual understanding and assent, consideration, capacity to contract, and legality.
When a party deviates from their obligations, a business dispute may arise and that party can be found in breach of contract. The non-breaching party may be awarded specific performance and an array of damages, including general, consequential, and reliance damages.
FOUNDATIONAL AGREEMENTS
Protecting Your Business From Inception
As more and more businesses are started — especially tech startups — it is absolutely essential that a company’s foundational contracts are well-drafted in an effort to protect the business from day one.
When well-drafted by a nationwide contracts attorney, contracts establish each party’s obligations in a clear and concise manner, protecting both sides from future liability and unnecessary litigation.