Editable freelance software development contract template word sample, A contract is a binding legal agreement between two parties that gives rise to a duty to give, to do something or not to anything. It is binding in the sense that it maybe enforced through judicial action in the proper court and might give rise to liabilities in the event of its own breach or non-compliance thereof. The stipulations in a contract can vary but they are always subject to the will or consent of the parties. This simply means that you can not be restricted to a contract unless you agree to it voluntarily. The cause behind this is that an essential requisite to some contract is the permission of the parties which must be publicly given in order to become binding.
Most major legal contracts are usually one which are written and signed by the parties. The expression major contracts means that they involve enormous matters or large rights or interests to land and such. Consequently, beware if you sign a written agreement or a contract. As stated, the stipulations and clauses there in may create undesirable consequences to you later on if you are not aware of these.
You will incur liabilities that might not need, like the payment of excessive fines for penalties. Another consequence is you might be deprived of a proper. This occurs whenever you are robbed of their right to sue from a thing when you signed a contract which contains a stipulation of waiver to submit an action in case of violation on the entity’s part. Being careless in signing legal contracts can divest one of your property. As an example, you sign a contract for financing, not aware that you consent to get your house foreclosed in the event of default or non. Worse still, you might lose your liberty if you wind up in jail for breach of a contract.
Thus, before enrolling in legal forms, read the fine print carefully. Go at your own pace if you have to. You don’t want to end up in a circumstance where you suffer the consequences of a contract; impacts that you did not anticipate because you failed to meticulously inspect its own contents.
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