Contracts: The Legal Aspects of Business Relationships

Ensuring that contracts are enforceable is a crucial part of the legal aspects of business relationships. In turn, for a contract to be endorsable, it must meet several key criteria. Specifically, an enforceable contract must be based on mutual assent, consideration, capacity, and legality (Mendelson & Paul, 2022). By meeting the specified requirements, one maintains the contract enforceable due to its compliance with the core criteria based on the participants’ needs and the set legal standards.

Specifically, considering Lambert’s case as an example of the issue of contract enforcement failure, one must emphasize the significance of proper communication at the consideration phase of signing the contract. Specifically, due to the misunderstanding occurring in the process, mutual ascent was not reached, which further led to the development of a conflict between the parties involved (Lambert v. Don Barron Contractor Inc, 2008). Thus, to avoid the described problem, Lambert should have introduced more effective communication tools and ensured that employees at Don Barron Contractor, Inc. are fully aware of each step of the negotiation.

References

Lambert v. Don Barron Contractor Inc. (2008).

Mendelson, J., & Paul, A. (2022). How to Be a Lawyer: The Path from Law School to Success. John Wiley & Sons.