A cornerstone of free enterprise is freedom of contract. You can agree to virtually anything as long as the subject matter isn’t or doesn’t become illegal, the parties have capacity to enter into an agreement, and there is valid “consideration”, which means that each party either undertakes a new obligation or foregoes an existing right or privilege.
The key to a good contract is that it does what you intended it to do and is enforceable. Some contracts are required to be in writing. Other contracts require certain mandatory notices to be enforceable. Some remedies are allowed while others are void.
To schedule an appointment to discuss drafting an effective contract, or to understand your rights and obligations under an existing contract, please call (734) 475-4659.x