Contracts are generally characterised by the presence of five elements. These elements are:
Contracts are a regular and integral part of our day to day lives, ranging from buying milk at a supermarket to complex employment agreements.
Contracts are generally self-regulated and set out how the contract will operate, and what should happen in certain circumstances. Contracts are further regulated by common law and various legislative Acts including:
Contracts can generally be characterised as either a:
Consumer contracts: generally occur in a personal capacity, usually between two or more parties as individuals, or as one, as party buying goods from a business. For example:
Commercial contracts: generally occur in a business capacity, usually between two or more parties as businesses or corporate entities. For example:
Contractual disputes arise regularly and are often complex and misunderstood. Contract disputes occur for many reasons such as:
Have you been a party to a contract that is the subject of a dispute?
Are you not receiving what you are entitled to under a contract?
It is important that you act in a timely manner as limitation periods exist in relation to some claims. Where litigation cannot be avoided, our team at Ramsden Lawyers have the expertise to run the process effectively and efficiently, keeping your costs in check.
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