Why you should always have a written contract, explained by attorney Jared Stolz
In the age of Internet and emails, is having a written contract still important? In a new article, Attorney Jared Elliott Stolz explains in easy-to-understand terms.
By: Stolz and Associates
In this technological-
A piece of paper may have lost its importance in today's digital world but the significance of a written contract can never alleviate. Written contracts provide more assurance to both committed parties. Verbal contracts are harder to prove.
With verbal contracts, it is likely that a party may agree on something, but later on, back-pedal immediately. This can put you in a lot of financial or legal crisis and damage your reputation as well. With written contracts, there is no scope of denying or backing away; even if a certain party does so, you can always provide evidence and prove them wrong. This will save you from a lot of hassle with the committed party and authorities.
Knowing that the terms and conditions are clearly elucidated in a written contract gives involved parties peace of mind. There is nothing to worry about or for things to go awry as everything is clearly laid out in written form. A properly drafted contract provides committed parties and authorities with a written record of the terms and obligations agreed upon. This also gives you an additional right to take legal action and enforce the duties in the contract, if necessary.
Jared Elliott Stolz is an attorney in New Jersey, focusing on insurance law and litigation. He is the managing partner of Stolz and Associates.
Attorney Profile: https://solomonlawguild.com/
Stolz and Associates
Flemington, New Jersey