Every time you enter into a contract or employment with someone, you should have a written contract. While a “lease” sounds like the ideal scenario, there are a number of things you should be aware of before adopting it. In general, contracts do not need to be concluded in writing, but in many cases an oral agreement doesn’t always constitute a valid and enforceable contract. Legally, however, a contract requires both parties to offer something in exchange for something else. Both parties must agree to give up something valuable in exchange for a benefit.
Continue reading