Wise Bridge Law Firm - Legal Insight to Empower Business

  • + (44) 208 8450077
  • info@wisebridge.uk

Contracts law

Whether you are a small business, large company, or individual, a contracts lawyer can help draft, negotiate, and execute legally-enforceable agreements.

Contracts law

 

"Contract" Defined

contract is a legally enforceable agreement between two or more parties that creates an obligation to do or not do particular things. The term "party" can mean an individual person, company, or corporation. More on creation of a contract follows below.

At its most basic level, a contract is:

Creation of a Contract

In the eyes of the law, a contract arises when there is an offer, acceptance of that offer, and sufficient "consideration" to make the contract valid:

  • An offer allows the person or business to whom the offer is made to reasonably expect that the offering party is willing to be bound by the offer on the terms proposed. The terms of an offer must be definite and certain.
  • An acceptance is a clear expression of the accepting party's agreement to the terms of the offer.
  • Consideration is a legal term given to the bargained-for exchange between the parties to the contract -- something of some value passing from one party to the other. Each party to the contract will gain some benefit from the agreement, and will incur some .obligation in exchange for that benefit.

Contract Forms

We offer thousands of contract forms in many areas of law. These forms can be tailored to meet your specific needs in a variety of situations.