At the first glance, you may feel eased since there are a lot of tedious clauses in contract to protect you if the service does not get delivered in time with good quality as promised, if another pay does not pay you on time. You may feel that the contracts are wordy and unreadable so you don’t have to study it cautiously. I am even thinking why all the person like to make the contracts so wordy? I open a bank account only. Why give me contract more than 10 pages? I just rent an apartment; does it need a contract like a book? I know that the longer contract can make the rights and the obligations clearer than the short one. But just because it is wordy, I don’t read it all; and because I don’t read it all, I fail to know the most important thing to me in the contract and lost a lot.
However, contracts do not always protect you, especially the pre-prints from service providers, if you ready contract carefully with enough patience, you will find a number of areas you can unknowingly find yourself getting into trouble or being taken advantage of.
For example, some contract may look like to give you a large rebate, but you will find you are bounded to the server provider for two years just after you signed it, you can get out of it unless you pay a large penalty. In the contract like this, the part of rebate usual is written in the easy-find-way and the part of unconscionability used euphemistic description. So, my mind is full of the benefits I can get and forget what I need pay for that.
Whatever, the clause you ignored maybe the very critical. Read the contract carefully and patiently is very important.
You May Also Find These Documents Helpful
-
“A contract is simply a legally binding agreement between parties to do or not do something.”(WebLocator, 2011) Many things in today’s society have terms, conditions, and disclaimers. If a person is entering into an agreement be it: new software, cell phone service, home security service, garbage pickup, a financial agreement; i.e. to purchase a house, a car, a boat, a new credit card, student loans, etc… all of these require a person to sign a contract, and all contracts have terms, conditions and disclaimers.…
- 1696 Words
- 7 Pages
Best Essays -
In this paper, I will reflect on the operation of contracts. Business law shows how contracts may be classified in several ways depending on the manner in which they are created, expressed, or performed. I have learned a lot from this course and I will use that to help write this paper. In the following paper I will discuss the oral or written contracts; I will discuss express or implied contracts, and will discuss formal or simple contracts. I will also discuss the impact of the contracts in a business and show the true propose of contracts. I will show what is needed in a contract to be legally enforceable. I will discuss how a contract must contain the following six elements: an offer and acceptances, a mutual agreement, a consideration, a competent parties, and legality of purpose, and proper form. All of this will be discussed in depth in the following paper.…
- 2524 Words
- 11 Pages
Powerful Essays -
Sarah states that good contract management is to prevent the high cost of the contract penalty clause, should dictate each move made with a contracted entity. Part of effective contract management is developing comprehensive training programs that inform employees of the benefits of following the terms of the contract. For example, purchasing employees at Sarah’s company are informed of the various ways that an agreement with a vendor can benefit the company to save money. Without this reporting, the two sides have no way of monitoring the benefits of the agreement and developing any changes to make when the agreement comes up for renewal. Effective reporting also keeps track quantities that help both sides monitor their usage and determine when contract limits may have been met.…
- 370 Words
- 1 Page
Satisfactory Essays -
In a typical person’s lifetime they will encounter many situations where they will enter into a contract with someone else. There are many different types of contracts that we may enter into, some knowingly and even some unconsciously. Buying a car with financing is a type of loan, entering into a new work place, and even getting a haircut is a type of contract.…
- 552 Words
- 3 Pages
Satisfactory Essays -
The law on misrepresentation and the terms in contracts are explored. It is important that you understand the meaning of express & implied terms in a contract, considering the use of key terms e.g.terms relating to payment can be analysed as implied terms found in law and the remedies available for not following the terms of a contract.…
- 1765 Words
- 8 Pages
Good Essays -
Duration is also important when drafting a contract because knowing how long someone will be bound to a commitment should be a priority.…
- 339 Words
- 1 Page
Satisfactory Essays -
Contracts are an important part of everyday life. They are an essential part of business. As a student of a business law class, I will discuss in this paper several aspects of contracts. This paper will give a definition of a contract and the essential elements necessary to form a valid contract. It will briefly discuss breach of contract and the difference between a material breach and a nonmaterial breach of contract. Examples of legal and equitable remedies available for breach of contracts will be highlighted. Also, legal excuses for nonperformance or other grounds for discharge of contracts will be addressed. Finally, three types of common contracts personally and professionally encountered will be mentioned.…
- 1070 Words
- 5 Pages
Better Essays -
| contracts are often incomplete and leave room for implicit understandings between the two parties.…
- 1317 Words
- 6 Pages
Good Essays -
Clarke, Bruce and Steve Kapnoullas, „When is a Signed Document Contractual? – Taking the “Fun” out of the “Funfair”‟ (2001) 1 Queensland University of Technology Law Journal 39 Enright, Christopher, „Studying Law‟ (The Federation Press, 1995) Gillies, Peter and Niloufer Selvadurai, Law of Contract (The Federation Press, 2009) Latimer, Paul, „Australian Business Law‟ (CCH Australia Ltd, 30 ed, 2010) Kapnoullas, Steve and Bruce Clarke, „Incorporation of Unusual or Unreasonable Terms into Contracts: The Red Hand Rule and Signed Documents‟ (2006) 11.2 Deakin Law Review 96 Khoury, Daniel and Yvonne Yamouni, Understanding Contract Law, (LexisNexis Butterworths, 2010) Pedan, Elisabeth and J W Carter, „Incorporation of Terms by Signature: L‟Estrange Rules!‟ (2005) 21 Journal of Contract 98 Schimmelfeder, Joern and Nicholas Pascoe, „Issues in the Drafting and Use of Exclusion Clauses in Commercial Agreements‟ (2006) Australian Construction Law Newsletter 1 < http://www.austlii.edu.au/au/journals/AUConstrLawNlr/2006/51.pdf> Seddon, N C and M P Ellinghaus, „Cheshire and Fifoot’s Law of Contract‟ (LexisNexis Butterworths, 8 ed, 2002)…
- 3692 Words
- 14 Pages
Powerful Essays -
A contract is a legally binding agreement between two or more persons that is recognised by the courts. In order for an agreement to be legally binding there are certain criteria that have to be met. One of these criteria is capacity. The majority of us have the capacity to form a legally binding agreement, however certain categories of people are limited by law to make contracts the main categories are minors, people judged incapable of contracting due to mental disorders, drunkenness or under the influence of drugs.…
- 1251 Words
- 5 Pages
Good Essays -
Always these contracts are presented with an understanding of each’s own expectations. They have a poisonously stiff and refined manner when dealing with others. Both partners in these contracts bright their own mask of politeness and pleasantries to cover the undertones of are usually masked with a proper tone smug and destined entitlement towards the other. Only when something that appears to not go as planned to rawer emotions burst…
- 479 Words
- 2 Pages
Good Essays -
Contracts are a fundamental part of our daily lives. Businesses and consumers would be hamstrung…
- 10210 Words
- 41 Pages
Good Essays -
To me. it is very important to honor contractual agreements. I feel like a true valid contract is when all parties are fully aware of what they are agreeing to. I have seen numerous cases where one party is tricked into accepting when the fine print of the policies is so small or the party signing the contract does not read the terms of agreement at all. A valid contract is a signature on a written document because anybody can deny that they never…
- 85 Words
- 1 Page
Satisfactory Essays -
In this document I will be discussing business law. I will be comparing and contrasting…
- 901 Words
- 4 Pages
Good Essays -
(Make sure you cover when and how a contract comes in to existence, invitations to treat, offer, acceptance and counter offers.)…
- 898 Words
- 4 Pages
Satisfactory Essays