California Contract Laws and Your Rights
Understanding your rights under California contract laws is imperative since in the United States today, civil lawsuits account for a whopping $239 billion hit to the economy each and every year. Because of the seriousness of such lawsuits, you need to stay on top of your business matters — starting with each contract you enter into.
If you run your business in the State of California, there are some important California contract laws you need to be aware of for your business. The more you know about business legal contracts, the easier it will be for you to stay on top of details and avoid damages.
Let’s take a look at these tips below, so you will always be in the know about California contracts.
A Breakdown of California Contract Laws
Know What Damages You’re Entitled To Recover
When someone breaches a contract, it is important to understand the damages you are entitled to receive.
In terms of California contract laws, you can hold the other party accountable if they fail to honor the terms. You will need the help of a business attorney that can take the case to court to recoup damages.
You are entitled to the benefits of the initial contract when a contract is breached in California. You cannot seek pain and suffering or other damages that you might get in a personal injury case.
However, lost earning potential as the result of a breach may be recoverable.
Understand the Validity Of Oral Contracts
California law honors oral agreements.
While these cases are sometimes more difficult to prove than when you have the details in writing, do not feel like you lost out if you only have an oral contract.
However, there are certain types of agreements that are required to be in writing, as outlined by California statutes.
There Are Factors That Nullify Contracts
When entering into a contract in the California, certain standards of fairness must be present.
For instance, a contract becomes null and void if you were not in a sound state of mind when you entered it. You can also not be held accountable for a contract if it was made under a situation of intimidation or duress.
You will need to fact-check when certain parts of the agreement do not measure up. A contract attorney will prove that the other party either misrepresented facts or withheld facts important to the contract.
These details will be put to the test during any California contract dispute.
Hire a Business Lawyer if you Need Help With California Contract Laws
If you are looking into California contract laws and need help, it is important that you reach out to the Law Office of Lisa Wills.
We have got you covered on everything from contract disputes to reviewing and preparing legal contracts and documents.
Our practice is renowned and handles every facet of business law. You will want to have this level of representation on your side when it is time to negotiate a contract, go to court or to handle an out of court settlement.
To learn more, contact us for more information.