August 2017 Archives

Fraud in contract can lead to lawsuit

As reported in USA Today, lawsuit filings involving a professional football team’s s co-offensive coordinators of last season are in full force. In these cases, the plaintiff-coordinators allege that the athletic department and other specific individuals committed fraud in persuading the plaintiffs to sign a new contract.

What is contract consideration?

Contracts may seem to be such simple things; you and/or your company agrees to offer a service in exchange for a benefit from another party in Gainesville. Yet essential elements must be present in order for a contract to be considering legally binding. For example, the service that you provide and the benefit you recieve for it are both classified as consideration. What is consideration? The National Paralegal College defines it as an object, act or promise of value that a promisor recieves from a promisee in exhange for its promise. Indeed, according Section 13-3-1 of the Code of Georgia, consideration must be present for a contract to be valid. 

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The Roberts Law Firm, P.C.

The Roberts Law Firm, P.C.
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