Contract Law Services
Contract law is an area of law that addresses legally binding agreements between two or more parties. Whether it’s a handshake deal or a written agreement, contracts are a common part of our everyday life. At Xu Law Group, our contract attorneys handle contract matters large and small, from contract creation to enforcement and breach of contract dispute.
Contract Law Areas of Practice
Asset Purchase and Sale Contract
Consulting Agreement
Coaching Agreement
Digital Marketing Contract
Graphic Design Contract
Independent Contractor Agreement
Intellectual Property Licensing Agreement
Employment Contract
Founders Agreement
Shareholder’s Agreement
Video Production Contract
Artist Contract
Social Media Contract
Virtual Assistant Contract
Non-Disclosure Agreement (NDA)
Brand Ambassador Contract
Logo Design Contract
Influencer Agreement
Video Editing Contract
Illustration Contract
Marketing Agency Contract
Software Development Agreement
SaaS Agreement
Web Development Agreement
UI/UX Contract
Freelancer Contract
Web Design Contract
Interior Design Contract
Tattoo Artist Contract
Makeup Artist Contract
Animation Contract
Branding Consulting Agreement
Ghostwriting Agreement
Copywriting Agreement
What is Contract Law?
Contract law concerns the creation, refinement, and extinguishment of legal rights through agreements between parties. It is based on the principles of offer, acceptance, capacity to contract, objectivity, fairness/good faith in contractual performance, considerations (promises giving rise to enforceable obligations), consideration substitutes (gifts or unilateral promises for which no consideration has exchanged), performance, discharge (contractual privity), third party rights (privity of contract) and formalities.
Contracts are prevalent in our lives and are treated as the most sacred of all property relations between human beings. They regulate every aspect of our lives while we live in society. Contract an experienced contract attorney at our law firm to review your legal documents.
When are we bound by contracts?
As a fundamental principle of contractual liability, it is necessary that all parties to a contract should intend and be able to be legally bound by the terms which they have included in their agreement. This means it must be possible for someone to sue another person should they breach their part of an agreement. For example, minors (people under 18) are usually not able to be legally bound by most contracts.
Unilateral contract s are an exception to the general rule that only parties to a contract can sue for its breach. Most unilateral contracts involve some kind of services performed by one party upon request made by another, without any express agreement on consideration (eg, I'll paint your fence, but you don't need to pay me). A unilateral contract is one in which only one party makes a promise, and therefore any duty of performance rests solely with the promisor (the person who makes the promise).
To learn more about contract law nuances, contract an experienced contract attorney at our law firm today.
What are some general rules that apply to contracts?
Offer and Acceptance
An offer must be communicated to the offeree in order for the contract to be enforceable. The offer sets forth all material terms of the transaction, and is not merely an invitation to treat.
An acceptance typically must mirror the terms of the offer in every respect; but when exchange by conduct (ie, "hand-shake" deals) is possible, only one side need speak to satisfy the elements of an agreement.
Offers are revocable unless their nature or terms indicate otherwise. For example, if I offer my neighbor the privilege of using my laundry room for one hour each day, my offer is revocable because it does not provide for a fixed duration. If you accept the offer but use my laundry room for an extra hour, I can revoke my offer before you begin, and demand possession of the room.
To learn more about contract law nuances, contract an experienced contract attorney at our law firm today.
Do I need a contract attorney?
You’ve worked hard on closing a deal or getting an offer. It’s time to finalize the deal, but how? Most first time startup founders turn to Google to find boilerplate contracts. We get it. Running your own business is hard. You want to cut cost at the early stage of your startup as much as possible. And boilerplate contracts are a way to save money.
Don’t get me wrong. Sometimes this works. Many businesses never run into problems with legal. But they are in the minority. Contract lawyers are often called in when something goes really wrong. Without contract lawyers, it’s hard to know if and how much your contract protects you. Does the boilerplate contract cover terms of delivery? How about payment schedule, warranty period, refuse conditions, or guarantee requirements? We often find that people sign the worst contracts with conditions that do not favor them at all. But without a pair of trained eyes, how could they know what the contract terms meant?
Our contract lawyers have years of experience drafting, reviewing and negotiating legal documents, conducting legal research on contract legal issues we come across and making sure the terms are legally sound. Better yet, we offer cost effective legal advice for small business owners and can give free estimates before any fees are incurred. Let our contract lawyers take care of the legal side of your business while you focus on what matters most – growing your business!
What types of services does your law firm offer?
Our contract attorneys can draft and review contracts for you and provide legal guidance regarding potential issues with your contracts before problems manifest. We review all types of commercial contracts, including intellectual property licensing agreements, commercial real estate leases, startup shareholder’s agreements, and more.
Contract Terms Glossary
Arbitration Clause
An element of a contract that covers the parties' rights and choices in the event of a legal conflict over the agreement. The parties generally agree not to sue one another but instead uses arbitration as the way to resolve dispute.
Bill of material
A list of the components and materials used in a product.
Entire Agreement Clause
Used to make clear that the terms between the parties are only those specified in the contract, which means they are not bound by pre-contract or post-contract promises.
Force Majeure Clause
Natural and unanticipated disasters that interrupt the anticipated course of events and prevent participants from performing their obligations are referred to as act of God, force majeure, or other such phrases.
Collateral
Something of value given to guarantee a loan.
Copyright
The legal right of the original author of a piece of work to claim exclusive ownership to copy and distribute that work.
Franchise
A commercial arrangement for one party to enter into business with another party, often sharing the business name, IP, and other parts of the same business.
Joint Venture
An agreement that allows two or more businesses to run a business together and shares its profits and losses.
Liquidation
Disbanding of a company or partnership.
Offer
A request for one party to supply goods or services in exchange for a monetary reward.
Restrictive Covenant
An agreement between parties not to do something.
Trademark
A distinctive mark, shape, logo, sound, or characters used to signal a particular brand so as to distinguish them from one another.
Waiver
Letting go of a particular right or privilege or obligation.
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