Prescott LIVING Magazine
No Result
View All Result
Prescott LIVING Magazine - Click for Current Issue
  • Inside
    • Voices
    • Special Sections
      • 40 Under 40
      • Annual Photo Contest
        • People’s Choice Photo Winners
      • Best of Greater Prescott
      • Everyone Can Be a Hero
      • Holiday
      • Medical, Health & Wellness
      • Men of Vision
      • New Year, New You
      • Relocation
      • Wealth Management
      • Weddings & Events
      • Women in Leadership
    • City Speak
    • BIZ
    • YOU
      • Out & About
      • Beauty & Style
      • Health, Happiness & Education
      • Education
      • Pets
      • Home
        • Home & Garden
    • FUN
      • Arts & Culture
      • Outdoor Adventure
      • Restaurants
        • Pizza
      • Travel & Tourism
    • The ROX Interview
    • Prescott Pioneer Local News
    • Q & A
  • Current Issue
  • Community Calendar
  • Past Issues
  • Subscribe
    • Digital Subscription
  • Inside
    • Voices
    • Special Sections
      • 40 Under 40
      • Annual Photo Contest
        • People’s Choice Photo Winners
      • Best of Greater Prescott
      • Everyone Can Be a Hero
      • Holiday
      • Medical, Health & Wellness
      • Men of Vision
      • New Year, New You
      • Relocation
      • Wealth Management
      • Weddings & Events
      • Women in Leadership
    • City Speak
    • BIZ
    • YOU
      • Out & About
      • Beauty & Style
      • Health, Happiness & Education
      • Education
      • Pets
      • Home
        • Home & Garden
    • FUN
      • Arts & Culture
      • Outdoor Adventure
      • Restaurants
        • Pizza
      • Travel & Tourism
    • The ROX Interview
    • Prescott Pioneer Local News
    • Q & A
  • Current Issue
  • Community Calendar
  • Past Issues
  • Subscribe
    • Digital Subscription
No Result
View All Result
Prescott LIVING Magazine
Prescott LIVING Magazine - Click for Current Issue
Home BIZ

Get It In Writing

January 28, 2019
325
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

by Joel T. Fornara, Attorney, Musgrove Drutz Kack & Flack, PC

Many people think a “contract” is a written agreement, but they’re wrong. A “contract” is actually a legal determination. In Arizona, courts will enforce oral contracts unless they fall within the statute of frauds, a doctrine that requires certain contracts to be in writing to be enforceable. For example, contracts must typically be written when a contract is for the sale of land, the sale of goods exceeding $500, is to pay the debts of another, or cannot be performed within one year.

Even though an oral contract may be enforceable, it is never recommended, as a party may have no intention of performing his/her obligations. Or, the parties may have a good-faith misunderstanding of their respective obligations. Regardless, having a written agreement helps protect you in the event of a breach by the other party. Therefore, it is imperative to have your agreement put in writing.

You may be tempted to avoid the expense of seeing an attorney and either enter into a transaction without a written agreement or attempt to draft one yourself. That mistake is easier to make today with the availability of online templates. While playing “lawyer” may save you money at the beginning, you will likely end up spending more money in the long run. 

Hiring an attorney at the beginning of any transaction should be viewed as the cost of doing business. In addition to having a legitimate contract prepared, you also will receive valuable advice and counsel about your transaction, as well as “what if” scenarios you may not have considered.

Before entering into a transaction, make sure you get it in writing. Our law firm has a number of experienced attorneys who can assist you with preparing a written agreement to suit your needs.

JOEL T. FORNARA FOCUSES HIS PRACTICE ON ADVISING LOCAL BUSINESSES AND REPRESENTING THEM IN THEIR TRANSACTIONAL AND LITIGATION NEEDS.  MUSGROVE DRUTZ KACK & FLACK, PC IS A FULL-SERVICE LAW FIRM SERVING OUR COMMUNITY FOR MORE THAN 30 YEARS. FOR MORE INFORMATION ABOUT THE FIRM, GO TO MDKFLAW.COM.

DISCLAIMER: The materials in this article are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain legal advice with respect to any particular issue or problem. The opinions expressed in this article are the opinions of the individual author. 

Previous Post

Housing Expenses and Financial Goals Where They Should Be

Next Post

Chamber Celebrates 45 Years of Serving

Next Post

Chamber Celebrates 45 Years of Serving

Join our Newsletter

Prescott LIVING eNewsletter Subscription

No Result
View All Result
Cover for Prescott Living Magazine
11,657
Prescott Living Magazine

Prescott Living Magazine

Come & enjoy the local scene in Prescott Arizona!

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
Prescott Living Magazine
17 hours ago
Prescott Living Magazine

Located on Goodwin Street In Front of Colts BBQ, Come on down and greet our riders as they parade down Whiskey Row. There will be lots of items to bid on in addition to many Raffle prizes including a 50/50 raffle! All proceeds will be donated to help our local veteran community! Please check our website for pictures of items! www.highdesertroughriders.com/about-1 ... See MoreSee Less

View on Facebook
· Share
Share on Facebook Share on Twitter Share on Linked In Share by Email
Prescott Living Magazine
2 days ago
Prescott Living Magazine

This article by Sean Sandefur from Victory Wealth Services appears in the current issue of Prescott LIVING. Pick up a free copy in the ROX Media magazine racks at Safeway, Fry's and Sprouts stores and at many more locations in Prescott, Prescott Valley, Chino Valley, and Dewey-Humboldt. Subscription info is available on our website. ... See MoreSee Less

The Growing Shadow of Inflation

prescottlivingmag.com

by Sean Sandefur, Victory Wealth Services When you were a kid and someone would hand you a $10 bill, they’d
View on Facebook
· Share
Share on Facebook Share on Twitter Share on Linked In Share by Email
Load more
It’s About LOCAL – ADVERTISE WITH US

© 2023 ROX Media •  Privacy Policy
info@roxco.com • 130 N. Granite St. • Prescott, AZ 86301 • 928.350.8006
CORPORATE OFFICE: 1919 N. Trekell Rd.,  Suite C •  Casa Grande, AZ 85122

No Result
View All Result
  • Inside
    • Voices
    • Special Sections
      • 40 Under 40
      • Annual Photo Contest
      • Best of Greater Prescott
      • Everyone Can Be a Hero
      • Holiday
      • Medical, Health & Wellness
      • Men of Vision
      • New Year, New You
      • Relocation
      • Wealth Management
      • Weddings & Events
      • Women in Leadership
    • City Speak
    • BIZ
    • YOU
      • Out & About
      • Beauty & Style
      • Health, Happiness & Education
      • Education
      • Pets
      • Home
    • FUN
      • Arts & Culture
      • Outdoor Adventure
      • Restaurants
      • Travel & Tourism
    • The ROX Interview
    • Prescott Pioneer Local News
    • Q & A
  • Current Issue
  • Community Calendar
  • Past Issues
  • Subscribe
    • Digital Subscription

© 2022 ROX Media