Contracts

What is a contract?

A contract is an oral or written agreement between two or more parties.

• Once the agreement has been made between the parties, it will legally binding.
• It is advisable to enter into a written contract to serve as a proof that an agreement has take place.
• Certain contracts are only valid if they are in writing, for example an insurence contract.
• You should first read the contract very carefully, and make sure that you understand everything before you sign it.