Legal Contract

What is a legal contract?

• A suggestion that people might follow.

• A legal contract is a promise or set of promises that the law will enforce.

• A friendly chat between two people.

• A promise that only one person has to keep.

What is the purpose of a contract?

• To make agreements clear and legally binding.

• To avoid talking about promises.

• To make things more confusing.

• To give one person all the power.

What is a Job Contract?

• An agreement to buy a car.

• A Job Contract is an agreement between a boss and a worker, outlining job duties, pay, hours, and other rules.

• An agreement to keep a secret.

• An agreement to rent an apartment.

What is a Sales Contract for?

• To start a new business with a friend.

• To borrow money.

• To get a haircut.

• A sales contract is an agreement to buy or sell items, listing the item, price, and other details.

1. What is a partnership agreement?

• A contract for someone to do a specific job for pay.

• A contract to borrow money.

• • A contract between people starting a business together, explaining their roles and how they share money.

• A contract to buy or sell land.

1. What does a service contract involve?

• One person or company agreeing to do a specific job for another, usually for pay.

• Getting a loan from a bank.

• Buying a house.

• Sharing profits in a business.

What kind of things does a Property Contract deal with?

• Hiring a freelancer for a project.

• Only buying new cars.

• Promises to keep information private.

• Agreements about land and buildings (real estate).

What happens if someone breaks a promise in a contract?

• Nothing, it's just a suggestion.

• They just have to say "sorry."

• The contract allows the other person to seek help from the law, like getting money or making them keep the promise.

• Everyone forgets about it.

How can a contract help stop arguments?

• By clearly writing down all the rules and promises, so there's less confusion.

• By making one person always right.

• By being very vague.

• By only being verbal.

Why do people use legal contracts?

• To avoid writing things down.

• To make things less formal.

• To create more arguments.

• To make agreements clear and legally binding, help prevent arguments, and allow legal action if a promise is broken.