Business Contracts in Oklahoma

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Business contract law in Oklahoma governs the formation, performance, and enforcement of contracts between businesses. A contract is a legally binding agreement between two or more parties that creates an obligation to do or refrain from doing a particular thing. If not undertaken, drafted, reviewed, and implemented properly and lawfully, serious repercussions can materialize.

At Lidia Law Firm, our business lawyer in Edmond, Oklahoma will ensure the contract is comprehensive and favorable to your needs and wants. We will also help you understand the process so that you make informed decisions for your company. Contact us today at (405) 216-8661 to schedule a meeting.

Understanding Business Contracts in Oklahoma

Our commercial contract attorney will perform many tasks for your business all in an effort to make sure your business operations flow without interruption and with minimal threat of legal challenges. Our representation and counsel may include but are not limited to the following tasks.

Formation of Contracts

To be legally enforceable, a contract must meet certain requirements, including offer, acceptance, consideration, and the intention to create legal relations. The terms of the contract must also be sufficiently definite and certain.

Performance of Contracts

Once a contract is formed, the parties are obligated to perform their obligations under the contract. Failure to perform may result in a breach of contract, which can lead to legal action and damages.

Enforcement of Contracts

If a party breaches a contract, the non-breaching party may seek legal remedies, such as damages, specific performance, or termination of the contract. Enforcing a contract can involve litigation or alternative dispute resolution methods, such as mediation or arbitration.

Types of contracts to be enforced include: 

  • Sales contracts
  • Service contracts
  • Employment contracts
  • Lease agreements
  • Non-disclosure agreements 

Each of the above and other types of contracts may have their own unique requirements and considerations in terms of enforcement.

Contact a Commercial Contracts Lawyer in Edmond, Oklahoma Today

Commercial contract law is an essential component of business transactions in Oklahoma, and businesses should ensure that their contracts are carefully drafted, properly executed, and fully enforced to protect their legal rights and interests. At Lidia Law Firm, our business contracts lawyer understands what is needed. Contact us by using the online form or by calling us at (405) 216-8661 to schedule a meeting today.

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