Quick Tips on Contracts

The information for this blog post can be viewed here. This information pertains to North Carolina.

Below are some general tips for business contracts:

  1. Make sure all parties’ names are correct with the correct titles.
  2. Number all of the pages.
  3. Contracts should be in writing for:
    1. Transfer of land, easements, mortgages, deeds of trust, leases, etc.
    2. Promises to lend money.
    3. Debt in general
    4. Sale of goods
    5. Leases of personal property, such as a car
    6. Non-compete covenants.
  4. Always specify the relevant terms and conditions in a contract.
  5. Define important terms. Never assume that both parties agree on the meaning of a certain term or the overall contract.

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If you have any questions please do not hesitate to email me at john@beerlawcenter.com or john@mathesonlawoffice.com or call 919-335-5291.

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www.ncbar.org/ncleap

1-800-662-7407

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