Legal Documents & Contracts

Legal Documents & Contracts FAQs

• What is a legal contract?

  A legal contract is an agreement between multiple different parties that is enforceable by law. Each legal contract will include basic elements, such as consideration, capacity, legality, and offer and acceptance. Business owners and freelancers generally need to have a legal contract in place to reduce confusion and enforce the terms when one party defaults. There are different types of legal contracts that you may need depending on your situation or industry.

• What are the most popular legal contracts?

  Each industry will have different legal contracts that remain popular. However, popular contracts across most industries include non-compete agreements, NDAs, waivers, disclaimers, releases, employment offer letters, addendums to an existing contract, termination notices, privacy policies, partnership agreements, and terms of service. All businesses that regularly engage with third parties or hire employees should have some form of legal contract on file. Each of these contracts can be adjusted to fit your business needs.

• Why do I need a professional to write me a legal contract?

  Why do I need a professional to write me a legal contract? Legal contracts remain highly technical with specific wording to protect you in the event of contract default. When trying to write your own legal contracts, you may miss key information, resulting in the contract not being legally enforceable. This can be detrimental to your business, especially in high-dollar value contracts. An expert experienced with the legal system can ensure that your contract includes all the required components, giving you the tools necessary to pursue legal action when the other party defaults.

• What is a legal document?

  A legal document is often less in scope compared to a legal contract. This document will include a contractual relationship between two parties or give certain parties rights. Most business owners and freelancers deal with legal documents daily. Although legal documents don’t need to be prepared by a lawyer or other professional, they can help ensure that everything is filled out correctly. Professional help can also make the other party signing the document feel more comfortable.

• What should be in a legal document?

  A legal document needs to contain a few different pieces of information. First, both parties need to be properly identified. The names listed can either be those of an individual or a business. Next, there needs to be an agreement in place between the two parties. To do this, both parties need to accept an offer. Finally, their need to be signatures on the legal document, binding both parties to the agreement. Other legal jargon will be included in the body of the document.

• What types of legal documents are there?

  Like legal contracts, legal documents can be tailored to your specific industry or needs. Common examples include the assignment of a partnership interest, board of director minutes, power of attorney forms, and affidavits. Fiverr sellers frequently offer legal research in conjunction with drafting your legal documents, giving you added peace of mind that all your bases are covered. Additionally, legal documents tailored to your business needs can be found by searching the category dropdown.