A contract is a voluntary agreement between two or more parties that can be enforced by law as a binding legal agreement. Contract law recognizes and manages the rights and obligations arising from contracts. Within the jurisdiction of the civil law tradition, contract law is a branch of the law of obligations. In common law, the creation of a contract often requires an offer, acceptance, consideration and intention to be bound. Each party must have the capacity to enter into the contract. Although verbal contracts are binding, some contracts may require formalities such as being written or oral.
In common law, the elements of a contract are offer, acceptance, establishing legal relations and evaluation. Not all agreements are necessarily subject to contract, as the parties must generally be considered to have a legal intention to be bound. A so-called gentlemen’s agreement is an agreement that is not legally enforceable and is “binding only in honor”.
Contract Lawyer Istanbul
Many aspects of everyday life involve contracts, including purchasing goods, applying for a car loan, signing employment-related paperwork, and agreeing to terms and conditions when purchasing products and services or using computer software.
Legal issues involving contracts arise when a party fails to fulfill the legal obligation it has agreed to make. When one party breaches a contract for non-performance of a contract, the other party may sue mostly for monetary damages or, in some limited circumstances, ask the court to force the other party to make a promise.
Contracts can be the source of legal disputes when not clearly written. Parties who misunderstand the terms of the agreement can sue each other and resolve a court order. In addition, when a company signs a contract and subsequently terminates its business or fails to keep its promises, the other party may be required to file a civil or bankruptcy court action for assistance.
When you enter a legal process arising from contracts, the first person you should apply is a good contract lawyer. When looking for a contract lawyer, the person who will support you throughout this legal process should be an experienced contract lawyer such as Contract Attorney Orhan Boran.
Our office provides legal support to our valued clients at the point of preparing all kinds of contracts for private individuals or commercial companies in the national and international field. Contact Now.