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![]() One of these steps include having all contracts signed by a notary, as this can protect the business if a legal dispute arises as to the validity of the signatures on the contract. While there is no way to stop a contractual dispute from occurring, there are some steps that business owners can take to keep their company protected. It can place an undue burden on the business and even cause financial stress on the company if it has to pay significant legal costs, and potential damages after the legal suit is settled. How to Protect a Business from a Contract Disputeīusinesses don’t want to constantly worry about potential contractual disputes arising out of a contract. A general contract for the sale of goods.Some types of contracts that generally don’t require a notary include the following: For example, a notary might be a specialist in the real estate sector who also knows how to draft the agreement that the parties are signing. Some notaries are known as specialists, meaning that they are certified in certain fields. Most notaries are known as “simple notaries,” meaning that they are only certified and trained to be present when parties are signing a contract, as well as certify that those parties are providing their own signature. a contract being entered into between a husband and wife during the divorce process, some states require that the contract be notarized or witnessed by a third party. However, this will depend on the state you are in. Real estate leases for a period of over one yearĪnother potential contract that might need to be notarized is a family law contract.Such contracts that might require a notary include the following: The notary serves an important purpose by verifying the identity of the parties signing the contract, while also identifying that the signature is in fact that person’s signature. Before entering into a contract, it is important to know the state law in your home state as to whether or not you need a notary. Having a notary will provide proof of the parties entering into the contract. However, if a potential legal dispute arises between the parties, having the contract notarized can be very beneficial. Generally, contracts don’t need to be notarized, as the signed contract itself is legally binding. Witnessing a Contractĭo contracts need to be notarized is a common question among parties wanting to enter into a contract. How to Protect a Business from a Contract Dispute 3.
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