Contracts, and their purpose

thom

LawnSite Senior Member
Location
Northern Ohio
The purpose of a written contract is to establish an agreement, between the
participants that are written into the document that becomes the contract.

A contract is a written agreement between all involved participants listed on the document. The contract creates a legal obligation for all listed participants. One party supplying materials, and, or services, the other party paying for the materials, and, or services.

The purpose of the contract also establishes an agreement that the
participants have made in the matter of responsibilities.

The contract also acts as a tool for structuring the relationship between the participants and recording what the parties have agreed to do for and with each other

A contract is basically an agreement between two parties creating a legal obligation for both of them to perform specific services, which may, or may not include materials. ... The purpose of the contract is to establish the agreement that the parties have made and to establish their obligation(s) in accordance with that agreement.

Contracts may involve multiple parties on both sides of the contract.
 

Capt J-rod

LawnSite Senior Member
Contracts are for attorneys and legal battles. People are obsessed with them. Sadly they are a part of life. Handshakes have all become contracts. People have champagne tastes on beer budgets. TV shows set expectations in peoples minds that miracles occur in 48 hours. Shady low bid companies cut corners and make all industries look bad. We live in a sad place today that has made everyone work against each other and blame everyone for everything. I focus on transparency and making sure that everyone starts out on the same page, with the same budget, working towards the same vision. It is hard to do, but communication before during and after is everything these days.
 

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