IMPORTANCE OF ENTITY PROTECTION – LIMITED PERSONAL LIABILITY
EARLY INVOLVEMENT OF YOUR NEVADA BUSINESS LAWYER IS ESSENTIAL
Drafting Contracts
A contract is a legally binding exchange of promises between two or more parties to do or refrain from doing, an act. As such, in the event of a breach, the law will provide a remedy. In order to form a validly executed contract the law requires an offer, acceptance of that offer, and consideration (the price of the promise).
Although the basic elements of contract are fairly simplistic, in practice it proves far more nuanced. As such, contract formation necessitates the services of an attorney to ensure that each transaction results in desirable legal and financial outcomes. Attorneys will be able to provide contract related services in an effort to minimize your legal risk.
In the case of a standardized form contract (not drafted by your attorney to meet your specific needs) certain provisions may turn out unfavorably to your interests. Moreover, if you write in certain clauses within a contract and they are ambiguous in any way, Nevada law dictates that they will be construed against you, resolving the deficiency in favor of the non-drafting party. Therefore, retaining an attorney when drafting a contract is essential to providing you with the utmost in protection
Disclaimer: This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. If you have questions or need specific advice relating to the matters contained herein, please contact Lovaas & Lehtinen, P.C.
EARLY INVOLVEMENT OF YOUR NEVADA BUSINESS LAWYER IS ESSENTIAL
Drafting Contracts
A contract is a legally binding exchange of promises between two or more parties to do or refrain from doing, an act. As such, in the event of a breach, the law will provide a remedy. In order to form a validly executed contract the law requires an offer, acceptance of that offer, and consideration (the price of the promise).
Although the basic elements of contract are fairly simplistic, in practice it proves far more nuanced. As such, contract formation necessitates the services of an attorney to ensure that each transaction results in desirable legal and financial outcomes. Attorneys will be able to provide contract related services in an effort to minimize your legal risk.
In the case of a standardized form contract (not drafted by your attorney to meet your specific needs) certain provisions may turn out unfavorably to your interests. Moreover, if you write in certain clauses within a contract and they are ambiguous in any way, Nevada law dictates that they will be construed against you, resolving the deficiency in favor of the non-drafting party. Therefore, retaining an attorney when drafting a contract is essential to providing you with the utmost in protection
Disclaimer: This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. If you have questions or need specific advice relating to the matters contained herein, please contact Lovaas & Lehtinen, P.C.
No comments:
Post a Comment