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WHAT IS A CONTRACT?


Certain types of contracts are REQUIRED to be IN WRITING: (known as "Statute of Frauds"), including:

MINORS: Minors cannot themselves contract, and upon reaching the age of majority, they can cancel (repudiate) a contract entered into on their behalf by a parent or guardian.

LANGUAGE:Certain standard clauses should always be included in any contract, which help to make contracts enforceable and assist in the interpretation of the contracts in court, and which can vary from state to state.
Example: Attorney Fees clause permitting the recovery of attorneys fees in bringing a suit to enforce the terms of a contract.
Example: Seal Clause (in about 15 states) which extends the statute of limitations, or time left to sue under the contract, and may create other benefits.
Example: Photocopy Clause (if available under your state laws) which permits a photocopy of the contract to be used in palce of the original.

WHAT IS A BAD CONTRACT?

It is either a poorly struck deal, or a poorly drafted document!


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