How to Make a Legal Agreement Rightly
Have you ever heard about legal agreement? There are many people who ask this question especially for people who are unfamiliar with a written agreement’s legal protection and contract law. In this article, we will discuss about this document further in detail so that you have to pay attention to this.
Legal agreement can be defined as a written document which will identify the roles & responsibilities of the parties under the agreement. After it is signed, this agreement becomes legally binding. It means that if one party fails to perform the duties, he or she is in breach of contract or agreement.
Legal Agreement Examples
It is very important to know legal agreement samples, especially for you who are still unfamiliar with it. One of the examples is a contracts related to large item like appliances which are delivered from big appliance stores. For example, you buy large ticket items like a set of appliance.
Besides that, there are still some other examples. Wills also belong to the example of this document. This document also includes license to practice medicine or law, driver’s licenses, and also healthcare contracts. After you know the samples of this agreement, we will discuss about the elements included.
How to Write a Legal Agreement with the Right Format
This agreement is made between 2 parties who agree to provide delivery of goods or sort of service in exchange for money. A legal agreement template should be written with the right format. It must include some basic elements. Here are the elements you should provide in this kind of agreement.
The first element to be included in this agreement is Offer. Usually, one party initiates the contract formation by creating an offer to other party. Therefore, the offer must be stated clearly in the template. It should not be detailed but the most important thing is that it must be clear.
The second element that you need to include after an offer is Acceptance. With the order from one party, another party should accept it. Even though we know that the offer is accepted, it must be stated clearly in the agreement with understandable and short sentences.
Once acceptance happens, the third element included in the agreement is Consideration. In this section, the parties need to exchange something of considerations. It can be something of monetary value or even a promise in order to perform in the agreement or contract.
Thereafter, all parties should prove mutual assent. Mutual assent becomes the forth element that you must provide in the agreement. If one was coerced or forced into the agreement, mutual assent does not exist & the agreement is not legally binding / enforceable.
Finally, all parties have to prove that they are capacitated legally. If they are under 18 years old, under the influence of alcohol / drugs or mentally incompetent when the legal agreement was signed, all parties are not deemed legally capacitated. Hopefully this can be a useful reference for you all.
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