A legal contract must have what is called mutual intent to be bound. This involves a mutual understanding about the duties, rights and promises involved in the proposed relationship. Generally, a legal contract must also be a written document. However, at times the law allows unwritten agreements to be included in the meaning of the written agreement if it can be shown that the parties intended as much. Sometimes, a series of written materials can also constitute a legal document to evidence a business relationship. Beyond these so-called formation issues, the law also specifies that agreements be entered into in good faith and must be performed with reasonable diligence. When this does not occur, the parties may choose to mediate, arbitrate or litigate to resolve the dispute.
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Promissory Notes - A Contract to Repay a Loan
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Implied Warranties
Mortgage Loan Fraud: Predatory Lending
Motor Vehicle Bill of Sale
What Lawsuits Are Allowed in Small Claims Court?
Service Contracts & Extended Warranties
Verbal Contracts
Lemon Laws
Using Consumer Credit Reports in Hiring
Lasik Eye Surgery Safety
How To Prepare to Meet With Your Lawyer
How much am I liable for in the event my credit card is stolen?
Online Gambling
What Is Small Claims Court?
Fair Credit Billing Act
How To Make a Complaint Against a Home Improvement Contractor
Billed for Merchandise You Never Received?
Stock Fraud
