| A legal contract can take many different types of | | | | called "breach of contract". |
| forms. Not all legal contracts are written. Some | | | | The more complex legal contracts can be |
| legal contracts can be a simple matter of a verbal | | | | comprised of one page, many pages, or dozens |
| promise of something in exchange for something | | | | upon dozens of pages. They can take the form |
| else. Statutes differ, but as a general rule, any | | | | of employment contracts, in which an employer |
| contract involving remunerations of $500 or more | | | | and an employee or contractor agree on the job |
| requires documentation in order to be valid. Verbal | | | | description and remuneration, or business |
| contracts are made on the basis of ethics and | | | | contracts, which refer to contracts between two |
| tradition. | | | | or more businesses. Business contracts can |
| Written or printed (or word-processed) legal | | | | become very complex, including terms, conditions, |
| contracts can be quite simple or extremely | | | | specifically stated remuneration terms and |
| complex. In its simplest form, a legal contract can | | | | deadlines, expiration dates, and so on. |
| be a sentence or two, with two or more parties | | | | Lawyers are often present during the signing of a |
| signing the document. The contract constitutes a | | | | contract. Sometimes a "notary public" is used. A |
| legal basis upon which any party can sue the | | | | notary public is someone who witnesses and |
| other in case of a failure to comply with the | | | | validates written contracts, then physically places |
| terms of the contract. This failure to comply is | | | | a seal of approval on the finished contract deal. |