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3/1/2016WHY HAVE A CONTRACT? Contracts attempt to articulate: The rights and obligations of the parties. PRINCIPLES OF BASIC CONTRACT DRAFTING Provisions for events or contingencies that may occur.
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A contract is a legally binding agreement between two or more parties.
Anyone entering into a contractual agreement is required to file a contract.
To fill out a contract, one must include all relevant information, signatures, and terms of the agreement.
The purpose of a contract is to outline the rights and obligations of each party involved in the agreement.
Information such as the names of the parties involved, terms of the agreement, signatures, and dates must be reported on a contract.
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