When you run a business, contracts can be part of your everyday life. Whether you need to arrange employment contracts or want to make contracts with vendors, these are vital to your business's processes.
Whether you are an individual buying a home -- or facing the loss of one -- or you are a commercial real estate investor looking to add another property to your portfolio, you might have to deal with real estate contracts. Real estate contracts and other agreements can become complex, and there are many details you have to make sure are included -- or not included -- to protect yourself and your investment.
If you've been trying to purchase or sell real estate, one question that may come up is if you can cancel a contract that has been made between you and another party. When you're selling a property, you want to know that the other person is honest about making the purchase, and as a buyer, you want to know that you are getting a property worth the money you're investing.
Most people who have contact with contracts on a regular basis view them as utilitarian instruments designed for a particular purpose. They may contain the agreement for a commercial lease, between a tenant and the owner of the building. They describe the terms of a distribution agreement for a product between the manufacturer and their distributor. They convey property during a sale, or they may describe your "ownership" of the song you have "purchased" on iTunes.
Utopia is of course an optimal setting in any imaginable context. When all is harmony and bliss, there is no basis for acrimony or for the relationships forged between people to sour.