Missouri Contract Law
Tips & Advice to help you make your decision on Missouri Contract Law
Missouri contract law is codified in Title 28 of the Missouri Revised Statutes. This section, titled Contracts and Contractual Relations, contains six chapters that explain how contracts are to be handled between parties and by state courts. If you or your business have a contractual dispute with another party and some part of the dispute concerns conduct that took place within the state, you can use Missouri contract law to resolve the issue by filing a complaint in state court.
One of the most important points for business owners to know is that Missouri contract law has a one year statute of frauds. This means that any contract that extends beyond a year must be in writing and must be signed by the parties to be enforceable. Verbal contracts are only enforceable if the term of the contract is less than one year.
The only exceptions are agreements that Missouri contract law specifically requires to be in writing, regardless of the term of the contract. For example, extensions of credit that use co-signers must be in writing and must be signed by the third-party guarantors to be enforceable. Assignments of leases or other interests in real property must also be in writing. Read more about Missouri contract law from the links on this Business.com page.
Missouri Contract Law
Understand Missouri contract law to protect your business, clients and customersBy Patti Richards, Free Lance Writer PGWRites Communications Missouri contract law helps protect business owners entering into agreements with suppliers and contractors. Contract law in Missouri helps keep boundaries between companies and organizations clear and working relationships positive.
A contract attorney in Missouri makes it their business to protect yours. Having the right contract law attorney in Missouri keeps business owners aware of their rights and responsibilities. Without a contract law attorney in Missouri, the terms of your agreement may not be as clear as you need them to be.
Contract law in Missouri allows businesses to agree on terms beneficial to both parties. With the right contract law in Missouri, businesses grow in both size and profitability. When clearly written, contract law in Missouri helps reduce the need to go to court when questions arise. Contract law in Missouri will:
1. Protect business owners from law suits between Missouri contract law parties.
2. Provide clear guidelines between businesses and their contractors.
3. Help business owners maintain good relationships between themselves and their contractors.
4. Eliminate the need for court appearances and costly law suits related to Missouri contract law issues.
Work with experienced Missouri contract lawyers
Not all attorneys specialize in contract law. Finding MO contract lawyers who know Missouri contract law well is the first step to getting quality contracts.
Try:
Baker Sterchi Cowden & Rice of Kansas City and Howe & Hutton of Ballwin offer a full service business law practice including contracts and business formations.
Understand how the independent contractor relationship works under Missouri contract law
More and more large companies enlist the services of independent contractors during times when business is heavy. Even independent contractors need the services of a quality legal team. Large companies who provide contractor services have the right legal team behind them to make sure you're getting what you pay for.
Try:
Visit the Missouri Department of Labor website or the Missouri Business Portal for information on Missouri contract law and the independent contractor relationship.
Get a basic working knowledge of Missouri contract law before entering into service contracts
It pays to have a basic understanding of some of your rights under Missouri state contract laws before visiting your contract law attorney. Good information helps you ask the right questions and understand some of the terms the attorney might use.
Try:
FindLaw.com and Lawyers.com provide some basic information about contract law for the business owner or independent contractor in Missouri.
- Stay away from pre-printed contracts you might find on the Internet. MO contract law is highly specialized and having qualified legal counsel is priceless when entering into any contract.
- Don't ever sign a contract until you completely understand the terms of the agreement. State of Missouri contract laws make contracts legally binding and difficult to break once signed.
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