July 21, 2018November 6, 2019 admin simple contract agreement, simple contract agreement doc, simple contract agreement pdf, simple contract agreement template

Simple Contract Agreement

Simplicity In Agreement with a Simple Contract Agreement

A contract or agreement is an event where a person promises to another person to do something, signified by a simple contract agreement.

Through a simple contract agreement, an agreement or legal relationship is created, which gives rise to the rights and obligations of each party, making the contract. In other words, the parties are bound to comply with the commitment they have made in the form of an agreement.

In this case, the contract function is the same as the law but only applies specifically to the makers only. By law, contracts can be forced into force through the courts. The law provides sanctions against violators of agreements or broken promises.

Arrangements regarding letters of agreement or contracts are regulated mainly in the Civil Code, in addition to regulating transactions that arise from operations, it also governs agreements that result from laws, for example, about acts against the law.

The Principle in the Simple Contract Agreement

The aspects of freedom of contract in Article 1338 of the Civil Code, which implies the existence of 3 (three principles) which should be in the simple contract agreement:

1. Regarding the agreement

The law called consensual means that according to the Civil Code, the transaction only occurs if there has been an agreement of the will between the parties (consensus, consensual)

2. About the consequences of the agreement

That the agreement has binding power between the parties themselves. This principle is affirmed in Article 1338 paragraph (1), which confirms that the contract was made legally between the parties, serves as the Act for the parties to the agreement.

3. About the contents of the agreement

Completely submitted to the parties (contractsvrijheid or partijautonomie) concerned.

Making a Simple Contract Agreement

To compile an excellent simple contract agreement requires preparation or planning in advance. Ideally, the preparations have begun since business negotiations. The development of a business contract includes several stages from development or planning to implementation of the contents of the agreement. The steps are as follows:

1. Pre-Contract

Negotiation
Memorandum of Understanding (MoU)
Feasibility study
Negotiations (continued)

2. Contract

Initial script writing
Improvement of the manuscript
Final script writing
The signing

3. Post-Contract

Implementation
Interpretation
Dispute resolution

In writing a simple contract agreement, besides being careful in capturing the various desires of the parties, understanding the legal aspects and the language of the contract is needed. Writing a deal requires to use excellent and correct language by sticking to the applicable grammar rules.

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By : lizlee.us

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