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Contracts: An Overview

A contract is a legally-binding agreement that is the result of mutual assent. Both parties to the agreement have to intend to be bound by it. They are often the result of an offer, an acceptance of the offer, and the agreement that each party give up something in order to receive something else, also known as consideration.

The specific terms in a contract, though, can raise very important legal issues, as can the circumstances in which it was signed. Disputes frequently arise when one party wants to modify the agreement or has broken the contract.

The contract and business litigation lawyers at the Katz Law Group can help. Contact them online or call them at (508) 480-8202 if your business is having a contract dispute in Worcester, Marlborough, Framingham, or the rest of Massachusetts.

Common Contract Issues

While nearly every agreement is different in some way, there are only a handful of legal issues that crop up, again and again. Some of these include:

Contracts in Other Fields of Law or Special Circumstances

Contract disputes also occur in some other segments of the law, raising new and unique legal issues. For example, there are:

Contracts also occur in particular situations, like:

Special Clauses in Contracts

There are also certain clauses that can be inserted into a contract that raise very specific legal issues. Sometimes, these are standalone contracts, rather than a part of a broader agreement. Particularly complex or legally problematic contractual clauses include:

Breach of Contract

Contracts are rarely disputed unless someone has broken the agreement or is threatening to break it. When the agreement is broken, it is called a breach of contract and can lead to remedies for the non-breaching party, like:

  • Compensatory damages
  • Liquidated damages
  • Punitive or exemplary damages
  • Specific performance

The party accused of breaching the contract has several defenses, though, like:

Some of these defenses can void the contract.

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