Why a Contract May Be Invalid Part 2
In this last part of our two-part series, we will continue our discussion of why contracts may be void. Read Part 1 for the beginning of the article.
If someone is under duress or is being pressured into a legally binding contract, the contract will be unenforceable. This happens when a party receives a threat of repercussions for not signing an agreement.
With undue influence, one party is controlled by persuasion and pressure to sign a contract. It must be proven that the influence of another was so strong, that the victim signed the agreement according to the will of the more dominant party.
A false statement of a fact, omitting or concealing information, or the intent to not carry out what is promised, will deem the contract void. If a party enters into the contract relying on the information therein, this gives the party grounds to void the contract.
How to Execute a Contract
Contracts are serious business and often lead to costly disputes when they are not executed properly. With the help of a knowledgeable Orlando construction attorney, your legal agreements will meet the requirements of basic contract law. Keep the following in mind when drafting your next contract:
- Always get agreements in writing
- Always review the contract thoroughly
- Enter business relationships with reputable individuals and businesses
- Ensure that all parties understand the entire contract
- Be sure offers are clear and specific
- Clarify and negotiate discrepancies
- Pay attention to timelines, pricing, and liabilities
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.