Learn more about contracts!

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1- What is a contract?

A contract is agreed when the intention of both parts are accordingly. Signatures and seals on documents are the only way to validate a contract. A contract can also be agreed just by verbal commitments.

When a contract is signed it cannot be unilaterally terminated (except for some exceptions)

The following items are also considered as contracts:

• Buy candies at convenience stores
• Hair cut at a hair salon
• Ask for a meal home delivery by phone
• Rental DVDs
• Download music on smartphone

Check the contract carefully!

A contract is an important document containing items in which both parts must comply with. It does not matter how small the letter is, it is necessary to read the whole contract. Signing a contract means to be in accordance with everything is written there.

In order to avoid troubles related to discrepancy on the contract’s content by the verbal explanations of the contracted person, it is necessary to check the terms carefully before completing it.

Points to be verified before signing a contract

• When (contract’s day)
• With whom (name, address, company’s contact information)
• What (name and sort of the product)
• How many (amount)
• How much (price)
• Payment method (in cash, credit card, among others)
• Method to receive the product (when, how)
• Existence of negotiations related to cancellation
• Existence of negotiations related to compensation and cancellation fee

Check the content carefully and do not accept the contract in case it is not in accordance with some part.