contracts 101: issues for interior design professionals
TRANSCRIPT
Client Contracts 101
Issues for Interior Design Professionals
©2015 David Adler/Adler Law Group http://www.adler-law.com Toll Free (866) 734-2568
What Is A Contract?
Definition:
- A legally enforceable promise
Does it Have to be in writing?
- No
Can a Proposal Be a Contract?
- Yes
Legal Requirements
Contract Formation:
• Mutual assent (Offer & Acceptance / Unilateral / Bilateral)• Consideration• Capacity• Legality
Anatomy of a Contract
Deciphering Jargon
• Preamble• Services• Contractors• Payment• Payment Terms • Purchasing risk• Proprietary Rights• Warranties & Disclaimers• Term & Termination
Focus on Details
Anatomy of a Contract Pt. 2
Miscellaneous Provisions
• Governing Law• Nature of the Relationship• Integration Clauses• Confidentiality & Nondisclosure• Non-disparagement• Dispute Resolution
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