The simple contract refers to a verbal agreement between two entities or individuals. Such contract can be either oral or written. If you are about to make a written simple contract, you may not need to worry too much about how the contract should look since the simple contract template can always be found on the internet easily today.
About Simple Contract
A simple contract details what agreement to occur between the two individuals. Actually, a simple contract never is an officially sealed or legally recorded contract, yet breeches are often still ruled on in court by a judge. The breech of contract, on the other hand, refers to the event in which one party ignored one term or more in the agreement in the opinion of the other involved party.
Written versus Oral Simple Contract
Without a doubt, a written simple contract is way more advisable as it can be proven if such a breech of contract should occur. Thus, it is always recommended for the engaged parties to have a written contract for any kind of promise or agreement; otherwise, with oral simple contract, any of them may intentionally or unintentionally deny the agreements specifics for whatever reason. In general, all you need is simply stating the terms of agreement clearly, along with the date and the signatures of the parties involved in the agreement. Hence, a good simple contract template should cover those elements.
Simple Contract Uses
Considering the nature of a simple contract, we can say that this can be used for something smaller in scale. For example, you can write your simple contract using the simple contract template when you are hiring a vendor for your wedding or birthday party. This way, you will benefit from the terms of agreements if the vendor backs out without proper warning. Even so, bear in mind that who will win the case will always depend on the local laws as well as the specific details the judge needs to weigh in reaching a decision.
The simple contract can also be used for employment, as used by an employer for cases of trade and client secrets protection. Employers, after all, often want to make sure that an employee who’s leaving a company won’t use and take client lists or distinct methods for the competitor’s or ex-employee’s own advantage or business.
When writing your own written simple contract, even if you are using the simple contract template, almost anything actually can be put in the contract as long as both parties agree. Plus, do not forget to include both actionable and clear provisions for financial and legal remedies. When there are any initialed changes and handwritten notes, they are to be included and typed into the contract as well. And in the part that details force majeure, the clause is supposed to feature a clear provision to cover any threat to health, safety, or well being of the attendees.
When writing a simple contract, you can always refer to the simple contract template and examples as your reference. Although such contract is simple as it name indicates, it doesn’t mean you should prepare it recklessly since any breech of contract can still be ruled on in a court by a judge.