A fundamental principle of contract law is that both parties have to have agreed or there simply is no contract. Consent, or a “meeting of the minds,” has traditionally been a required element of contracts. It doesn’t protect you from making a bad bargain; it simply ensures you made a bargain you understood and agreed to. Continue reading
Category Archives: Contract Disputes
What are the consequences of informal contracts?
Employers, landlords and construction company owners across western Montana rely on contracts to define professional relationships. However, some people get a little bit lax with regard to creating, reviewing or renewing these contracts when they feel like they have a history with the other party or when it seems like an informal agreement will suffice. Continue reading
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