The requirement of a valid contract can be complex. There are multiple elements that go into a valid contract, read the guide for more info. How do you define a contract? A contract is essentially an agreement between at least two parties creating mutual, legally enforceable obligations. Agreements can be written or oral. Both types are enforceable by law in the right circumstances, although the law requires some arrangements such as real estate purchase contracts to be in writing.
A business contract serves many purposes. As an owner or operator of a business, it is crucial that you understand what type of language is appropriate for each situation. It may also prove beneficial to familiarize yourself with the common ways someone can break a contract and what you can do about it.
A break in a contract is called a breach. It may invalidate the entire document, or it may only apply to part of it. Find out more about common breaches that occur and some of the remedies you may have should you find yourself dealing with one.
Do you have an advance medical directive? What will happen to you if you are unconscious? What If you are put on a ventilator or need invasive surgery and cannot consent? The answer will lie with your “Next of Kin” who will be consulted on all matters other than resuscitation or to be taken off a ventilator if the hospital decides to use your bed for someone else.
If you are reading this article, either you or a loved one is trying to prepare for the future. The process of drafting a will is not complex, rather it is a formula that most attorneys can follow. Drafting a will is simply putting down your wishes and directions on paper similar to drafting a contract. However, probating a Will is complicated and can lead to many disputes. If you need to probate or contest a will in Virginia please find a lawyer who can help you with wills and probate.