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Understanding Contracts

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     Legal contracts come in many shapes, sizes and formats. They can be a sales contracts for real estate, employment, prenuptial agreements, business contracts, attorney-client agreements for an array of different practice areas such as immigration law, family law and divorce, litigation, bankruptcy and so much more. Understanding the nature of contracts can be tremendously beneficial, whether you are the one accepting the contract or the one making an offer.

     Contracts by default are agreements between two or more parties, typically a business arrangement for the supply or exchange of goods or services. Contracts are a great idea to ensure all parties listed within the agreement have their exact expectations and requirements outlined in writing. The more specific the requirements, the more personalized and tailored the overall agreement will be. Contracts may sometimes have additional clauses outlining some policies or procedures that can be taken should there be a dispute that arises from the contract or a need to update the agreed upon terms. A good contract will outline most all possibilities and account for anything that might go right, or wrong, and in turn provide legal options of how to resolve them.

     Sometimes a breach of contract can occur. When this happens it is vital to find legal counsel and consult with an experienced attorney that can assist with reviewing the contract at hand and guiding you through the viable legal steps to take in order to resolve the issues. For the most part, contracts are drafted in place to ensure all parties are agreeable to the terms presented providing some peace and order. A few examples of important everyday contracts include - lease agreements for house, apartment or car rentals, attorney-client agreements for when you are retaining legal counsel, and even credit card agreements are a form of contract. Attorney-client contracts include services a lawyer is providing their client such as immigration services, family law, divorce, litigation, real estate, bankruptcy, criminal law, trusts, wills, probate law and much more!

     If you’re going into a new business deal, obtaining a sales contract, looking into a prenuptial agreement or simply needing a new contract drafted up, it is a great reason to ensure you have an experienced legal professional at your side to guide you through the process. It is extremely important to have a practiced attorney review any contract you are considering before ever signing on the dotted line. In most cases, a signed contract is legally enforceable by state law. Of course, there are a few requirements that must always be met to ensure a contract is lawful.

     Contracts must have a few features in order to be considered legal and valid. They must show a valid offer from one party and have a clear acceptance by the other, each side must be provided with adequate consideration for the bargain exchange that is to occur. Each party must ensure to allow themselves enough time to review and asses the offer at hand, eventually leading to a mutual agreement and signing of the contract at the end. Should any of these necessities be unmet, a contract could potentially be considered null and void. Of course, for most of us, we do not have to deal with contracts on a daily basis so if you are in need of legal assistance, you can always turn to The Law Offices of Eugene Mogilevsky, LLC and schedule a consultation with one of our contract lawyers! You may contact our office by submitting an online Contact Form at Contact Us | The Law Offices of Eugene Mogilevsky ( or you can call our office directly at (317) 743-7958 and one of our receptionists will be happy to assist in scheduling you for a consultation!

Disclaimer: This blog post is for educational and informational purposes only and is not to be taken as legal advice in any capacity. Reading this blog does not constitute or establish an attorney-client relationship.