THE THREE TERMS OF A CONTRACT
OFFER :
A clear offer outlining the terms of the contract, namely the responsibilities and expectations of each party involved.
ACCEPTANCE :
Second party agrees to the terms put forward in the offer either in written form – which is always preferred – or verbally.
CONSIDERATION :
The actual performance of the contract terms: a bargain for exchange like money, a trade of goods or services, etc.
IS IT LEGAL TO BREAK MY CONTRACT?
Even if you signed a legally binding and official contract, there are specific laws and customs that help you when breaking a contract. You might be surprised how many different types of circumstances permit you to extricate yourself from a contract.
The initial step in extricating yourself from a contract is to re-examine the legal agreement. Take another look of your lease, membership agreement or loan paperwork, and examine the language. In some situations, conditions for cancelation might be included. You could also spot a loophole or escape clause that explains how to get out of a contract prematurely.
If you are in a situation where you are breaking a contract or considering to, I recommend that you consult a qualified lawyer like Aultman Law before you proceed.
FOUR DIFFERENT WAYS TO EXPLORE BREAKING A CONTRACT
WAYS TO POTENTIALLY BREAK A CONTRACT
THE OTHER PARTY RELINQUISHES FIRST
THE OTHER PARTY BREACHES THE CONTRACT
THE AGREEMENT IS GROSSLY UNFAIR
THE CONTRACT IS FRAUDULENT
HOW A CONTRACT BECOMES VOID
Contracts are based on clear expectations, definite terms, and transparency. If there are any misrepresentations or impossible terms, a court could determine the contract is void. A void contract is a contract this is deemed invalid and unable to be enforced at the state or federal level.
Other reasons a contract could be found to be void include:
- Vague or impossible to perform terms
- The contract involves criminal activity
- A party was coerced into signing the contract
- One of the parties lacked the capacity to sign;
e.g., under the age of 18, lack mental capacity.
It is helpful to fully understand what a contract is comprised of and to also be knowledgeable about ways to potentially escape the terms of a contract for legitimate reasons. Being equipped with the facts, factors, and circumstances that warrant ending a contract can help prevent you from being taken advantage and treated unfairly.
As noted above, it is best to begin the process of contending the merits of a contract by first consulting with a qualified attorney. Schedule Free Consultation.
GET THE CONTRACT HELP YOU NEED IN THE TRI-CITIES
You’ve Come To The Right Place! When you have a legal problem such as breaking a contract, you need an attorney who will first listen to you and provide honest evaluations of your case. Your attorney should also give you confidence that your case is being worked up toward a successful resolution. This may seem like common sense, but many of my clients have expressed frustration with their former attorneys, often saying their attorneys stopped communicating after being hired. This left the clients wondering what was happening in their cases and questioning whether the attorney was actually doing anything to help. At Aultman
At Aultman Law, experience is the difference. Among the advantages you enjoy when you let me represent you are an excellent track record, unparalleled customer service, and transparent fees. My law firm’s practice areas are personal injury law, business law, construction law, and insurance law.
If you would like more information or want to schedule a free consultation, I invite you to call me today at 509.282.2456 or complete our Online Contact Form.