Florida Contract Lawyers

A contract is an agreement between two parties, in which one of the parties agrees to provide services or goods in exchange for the other party’s payment. A contract can be between two individuals or legal entities (such as businesses or corporations). 

If you feel you’re the victim of a breach of contract, it’s important to confirm that the contract you entered is considered valid. Our attorneys at RAK Law are well-versed in Florida contract law. 

We can review your contract to help you understand your legal options for pursuing damages as a victim of a breach of contract. Contact us today at (813) 750-0513 to begin the process.

What Makes a Contract Valid?

For a contract to be considered valid or binding, it must be characterized by certain components. 

These include:

• Offer – One party made an offer to the other party. When the contract was signed, both parties must have been at least 18 years old and not considered incapacitated due to a developmental disability or mental illness.
• Acceptance – The other party accepted the offer.
• Consideration – It’s necessary that both parties gave consideration, or provided something of value, to the agreement. Consideration can also be referred to as “enforceable promises” that were made when the contract was signed.
• Legal – Nothing illegal or impossible was included in the contract. For instance, the contract doesn’t involve the sale of stolen merchandise, nor does it stipulate that one of the parties does something impossible, such as time travel.

What Are the Different Types of Contracts?

Additionally, alid contracts can be written or oral.

• Written contracts – This is the preferred method, as having the terms of a contract in writing brings clarity, especially when there’s a dispute in court concerning the contract’s content.
• Oral contracts – Oral contracts can be upheld in court with sufficient evidence that the other party failed to meet their contractual obligations.

Florida law requires certain types of contracts to be made in writing. Contracts that cannot be fulfilled within a year and contracts involving the sale of real estate must be made in writing.