Tips to Find a Job Through Social Media

Besides being used as a medium for sharing or connect with relatives or relatives, social media can also be used as a median sale or even get a job.

Nowadays, social media is the most effective tool that can be used to build a business or find a job. In fact, social media Facebook currently has 1.5 billion active users where this number is already one-fifth of the total population in the world.

Search job has changed in recent years. In 2000 there may still use paper media to find out about job information in the classifieds.

However, this time you can use a variety of online sites, such as Monster Jobstreet or to find a variety of job you want.
Not only the online site, you can also optimize your social media to get the job done.

And here are 6 tips get a job with social media optimization:

1. Update Your Social Media Accounts
Make sure that you have some important social media accounts such as Line, Instagram, Facebook, Twitter, LinkedIn or other social media. Because your boss will be looking for your social media during a job interview.

Some companies even make your profile in LinkedIn as a reflection of yourself. For that, you must look attractive in front of your boss, by updating and completing a variety of information about yourself on social media.

2. Ensure Appropriate Information Facts
The first time you use social media, of course, sometimes you use some of the information is false. You must make sure that what is on your CV together with those in your social media. Some employers usually check the authenticity of the data yourself, seen from a social media you have.

3. Select Upload your Social Media
If you ever upload a negative status or comment racist, arguing that even in social media you have to delete these postings.
Some surveys show that a HRD normally select prospective employees with what they upload on their social media accounts. There should be no harsh words, racist remarks, to the vulgar pictures on your social media timeline.

4. Find Jobs in Social Media
If you feel tired of looking for work in during and in the paper maybe you can find a job in social media. You can join the grub on Facebook or LinkedIn for job seekers. There is not just looking for a job, but you also can share experiences about your job or how to get a job.

5. Starting in touch with colleagues in social media
You can begin to make friends with prospective workers in the same company that you want through social media such as Facebook, etc. and not just fellow candidate alone but you also have to start a friendship with HR managers. By connecting with new people, you might be able to get a connection to the job you want.

6. Note the Account Name Social Media and Your Email
If your social media account name or your email does not correspond to your real name, then you should replace it. In addition to easier time search, social media account name that is not clear will also affect your self-image in the eyes of your boss.

Surety law group supports during hard time

During these hard times with recession, lay offs and retrenchment burdened with a mortgage loan and a family to support, life is not a rosy picture to paint and it is tough going and thorns all the way. It all began when I thought I had lost everything when I lost my job, my sole means to support my family. Then I also began to lose my home. It was a painful and excruciating experience to go through these times. I attempted in vain to get help from my lender and work on modifying my loan, trusting that my lender had my best interest in mind. Unfortunately, it was a bitter experience. I had been working closely with them and providing all documents requested and was made to run pillar to post. Surprisingly, the person to whom I was assigned had comfortably forgotten me and it has been a frustrating whole year. To make matters worse my lender had even stopped accepting my payments and was trying to drag me into foreclosure court.

I had approached many Companies and Third Parties as I listened to the advertisements and it was just as bad. Thoroughly demoralized, I honestly was reluctant to place faith in these companies as it was a shattering experience. The good and bad story failed to infuse the confidence in me to approach them and was fighting a lone battle desperately.

It was at this juncture of life when everything was in doldrums and I had given up hope that I got a letter from Surety saying that they could possibly help. Not only did the step in and help me fight the foreclosure, they actually got a loan modification for me. Surety Law Group has been a pleasure to work with. To cut a long story short, I decided to take a chance with you guys, after receiving a few mailers and advertisements from different companies and law firms, I talked to a few places but felt best with the service provided by your representatives and gambled. I was walked through the entire process thoroughly and knew there was work to be done but felt good that I was not left to do it alone. A few months later after working with your firm I am now able to stay in my home and take care of my family. Thank you Surety Law Group for turning around a -hopeless situation- to a happy ending they lived happily ever after-.

I just want to say big thanks and express my sincere gratitude to Surety Law Group and the world of difference they made. It was a timely help which not only helped me save my family but also the near and dear ones and people closely associated with me. They have been guardian angels who came to my rescue at the hour of need just like Man Friday who helped the ship wrecked Robinson Crusoe marooned in an island In the ultimate analysis I found that Surety Law Group where thoroughly professional in their approach. They were systematic, methodical and helped in resolving the crisis by offering the right solution. More importantly, their empathy and support in the whole process makes them clearly a preferred solution provider.

The Stewarts

To get online support from Surety law group feel free to visit their official website: http://www.suretylawgroup.com/

Suspect Arrested In Bronx Hit and Run Case

A 32 year old father of two kids was killed in a hit and run case in Bronx. On 2nd November, police have arrested a suspect in that case.

A 32 year old father of two kids was killed in a hit and run case in Bronx. On 2nd November, police have arrested a suspect in that case.

The driver went the length of 233rd Street before crashing into construction materials. Surveillance video shows four people getting out of the minivan and taking off in different directions.

Bronx Motor Vehicle Accident Lawyer Fatos Dervishi1 discusses about the steps to take after a Motor accidents in Bronx, -After a car accident, gather all necessary information involving all drivers and passengers and refrain from making any type of statement or signing any papers without first consulting with a car accident lawyer who specializes in these matters. Be cautioned, anything said at the time of the car accident can be used against you and disqualify potential car accident claim/car accident settlement. Make sure you understand your car accident legal rights and options. An Auto accident lawyer understands the complexities that auto accidents entail, including both legal and insurance matters. A car accident attorney has resources to quickly and effectively determine who the liable parties are.- (Ref: Dervishi Law Group, http://www.dervishilaw.com/areas-of-practice/motor-vehicle-accidents/)

22-year-old driver of the Bronx surrendered to police on 2nd November night. He has been charged with murder and related offenses. Police are still searching for the remaining three suspects. They all survived the crash, but the man they hit on the sidewalk, 32-year-old Derrick Callender did not.

Callender had two kids, ages two and nine. He was run over just feet from his front door. He died at Montefiore Hospital.

According to Police, the erratic driving that led to Callender’s death originated from a dispute between someone in the minivan and a clerk at the liquor store next to Callender’s building. The clerk at the liquor store refused to serve alcohol to one of the van’s occupants because he was behaving strangely. After that fight, security video shows two people running towards the minivan. When they get in, the Toyota pulls a sharp and dangerous u-turn on White Plains Road and then speeds towards the liquor store.

Disclaimer:The contents of this page are general in nature. Please use your discretion while following them. The author does not guarantee legal validity of the tips contained herein.

Fatos Dervishi: Fatos Dervishi is a Personal injury attorney in New York. He has also served as the Deputy Attorney General of Albania from 1994 to 1998. The goal of Dervishi Law Group, P.C is to offer comfort in times of need, unyielding dedication to clients and their families and to give a sense of trust and confidence. Call Dervishi Law Group, P.C at 718-619-4525 or 917-300-0797. Office is located at 2322 Arthur Ave., Suite 3A Bronx, New York 10458. Visit http://www.dervishilaw.com/ for more information or you can e-mail at .

Smoking product from head shop feel you better experience

There are lots of legal bud shop for herbal smokes and legal buds. From there you will get 100% pure and natural herbs. . There are many enjoyable herbs and buds which are the great legal marijuana alternative and weed alternative. There are lots of legal bud shops for herbal smokes and legal buds. Legal buds and smoking herbs is not the tobacco; but it is a tobacco alternative. It is an alternative smoke of marijuana and you may not get the same marijuana high from it but you will get the legal highs. The herbs and buds makes you to feel relax and calm. Several blends of herbs are available in every legal bud shop. In every different blend you will find different sensation. Smoking legal buds and herbal smoke is very much sophisticated. So you must use the sophisticated and good quality smoking product.

You will get the quality smoking product from any smoke shop or head shop. Head Shop Onlineis an online-one-stop shop for quality smoking products. From there you will get various types of quality smoking product. The products include water pipes, water bubblers, bongs, skins, cannabis seeds, legal highs, rolling accessories, lighters etc. In maximum smoke shop all the glass works are unique hand crafted by skillful expert glass makers using quality hard glass. You will get all functional, durable and eye catching glass work products from their. You will highly attract after seeing the product finishing. The head shop product allow you to enjoy tobacco, herbal smoke, legal bud or other legal smoking substances with the true feeling of leisure. In a head shop you will find a number of products that would catch you fancy among all extensive collection of glass work. The head shops often argue that their products are not illegal drug paraphernalia because they are intended to use with herbal smokes, tobacco, legal buds, legal marijuana and other legal substances. In the United States, USA head shop exists in a legal grey area because of the nature of the materials they sell can be used for both legal and illegal substances. In the head shop you will often see that the products sold products are -for tobacco use only- or -not for use with illegal substances-.

You can purchase the smoke shop product by online or by visiting physically from their shops. You only have to do that visit their website and make the order. They have a secure payment option so you need not to worry about.

Investing In China Proposed Labor Contract Law

If you are considering setting up a company in the People’s Republic of China (the PRC) you should be aware that Chinese law is more protective of employees than the laws of many western nations, particularly the United States. The current PRC Labor Law was enacted in 1994; however, a new PRC Labor Contract Law, intended to supplement the Labor Law, is expected to come into force at the end of 2006. This new law contains both bad news and good news from the point of view of the foreign investor; however, in general it further strengthens the protection of employees.

The Bad News:

Severance Pay

Because it is difficult under the PRC Labor Law to terminate open-term labor contracts, employers usually prefer fixed terms. The Labor Contract Law will address this issue by requiring employers to pay severance compensation to employees on fixed term labor contracts if these contracts are not renewed at the end of the contract term. The proposed compensation is at least one month’s salary for each year of service.

Company Rules/Employee Handbooks

No provision in the employee handbook or other rules affecting the employee’s “personal interest” may be put into force absent consultation with the labor union or other employee representative body (under Chinese law, virtually all employees are required to be unionized).

A Shorter Probationary Period

Currently, the probationary period may be agreed between the employer and employee in the labor contract, but the maximum probation may not exceed 6 months. The Labor Contract Law shortens this period to one month for non-technical work and two months for most technical work (the six-month maximum is still retained for senior technical work, probably because these highly skilled employees are seen as less vulnerable in the employment market. This is significant because it easier to fire an employee during the probationary period than afterwards.

Non-Competition Clauses

Foreign invested companies in particular have tended to insert post-employment non-competition clauses into labor contracts in order to protect their intellectual property rights in China’s wild west business atmosphere. Although the Labor Contract Law allows post-employment non-competition restrictions, it will limit their enforceability to two years and restrict the geographical area of applicability to areas where actual competition is likely to occur. In this respect the reform will render Chinese law more similar to US law, since the current Labor Law does not impose any geographic restrictions at all (but does permits a maximum duration of up to three years). The Labor Contract Law goes even further, however, by requiring the employer buy a non-competition clause by paying a minimum compensation equal to the employee’s annual salary upon termination of the labor contract. It is still unclear what, if any compensation will be due the employee if the period of restriction is less than a year.

Contract Interpretation

Any ambiguous term in a labor contract will be construed in favor of the employee. This rule does little more that codify what has long been the prevailing practice in PRC courts.

Representative Offices

The current Labor Law requires Representative Offices to go through designated agencies such as FESCO (similar to Manpower in the United States) in order to hire employees. The new Labor Contract Law offers Representative Offices greater flexibility by allowing them to directly contract with employees for their first year of employment.

In summary, the new Labor Law will restrict foreign investor’s flexibility and make it more expensive for them to operate. The only good news is that Representative Offices will find it somewhat easier to operate. Typically, the new Labor Contract Law does not bother to define terms like technical, senior technical; and personal interest However, foreign investors have long been used to waiting months and even years for ambiguous terms in Chinese law to be defined through the further issuance of implementing regulations to supplement the main law; meanwhile the government’s actual implementation of the law in particular cases will be closely watched.

Injury Law Palm Beach Personal Injury Lawyers The Services They Offer

Struck badly by fate, you might find yourself suffering from an injury caused by someones negligence on the road or maybe even a slip & fall due to negligence on the part of a property owner. Perhaps, the incident created a great impact in your life especially if the damage caused was severe. In some instances, it could be a life changing event. On this case, you shouldnt second guess on hiring the services of Personal Injury Lawyers. If you need legal advice and professional assistance regarding the injuries that you have suffered, then hiring Personal Injury Lawyers are a no-brainer. With their extensive experience and knowledge, they can make sure that youre on the right path.

First things first, Personal Injury Lawyers are professional, legal representatives who specialize in injury related cases. Aside from making sure that you get the right treatment and claims that you deserve, they also make sure that you are not being deprived of your rights. Without the assistance of Personal Injury Lawyers, problems may arise on proving that you really have been hurt, be it on a physical, emotional or financial basis. And the good news is that most Personal Injury Lawyers offer their services under a no-fee contingency plan. Through this plan, you are not required to pay the necessary fees unless your lawyer has won the case.

You should be assigned a personal attorney, case manager and legal assistant. A team who will work closely with you from the very first day until the case is finally resolved. You need a lawyer who will aggressively represent you. You need an injury law firm who will call you back in a timely manner. An injury law firm who fully explains every step of the legal and medical process. It’s a huge plus when your Personal Injury Lawyer is compassionate and understands your complicated situation.

For more information, please contact Brian D. Guralnick at Injury Law Offices of Brian D Guralnick, PA – Demand More at 561-616-9977, email  or visit http://www.injurylawpalmbeach.com for details on a FREE CONSULTATION regarding your case. Law Offices of Brian D Guralnick:

2419 S. Dixie Highway,

West Palm Beach,

FL 33401,

Ph no: 561-616-9977

Importance Of Khata To Purchase A Property

The word Khata means ‘Account’. Khata is an account that is required for paying property tax by the owner of the property. The property tax is paid after assessing the valuation of the property by the concern authority for paying the taxes. Owners are subjected to pay property tax under the legal provisions of the tax laws.

Obtaining Khata does not confer the ownership of the property. It confers the person who is liable to pay the property tax. Property tax must be paid by the property owners. All owners who have property which comes under the preview of BBMP Jurisdiction are eligible to obtain Khata. Khata is a very important document for applying any license for the property, or to sell the property, or to apply a loan for the property.

When a property is transferred from a buyer to seller, it has to be informed to the BBMP within three months of transaction. In case of death of either the buyer or seller, it has to be informed within 1 year.

Khata is one of the most essential legal documents for the purpose of registration of sale deed in the name of purchaser. Having Khata avoids unreasonable delays during the transfer of ownership from seller to buyer. Khata is an essential document for applying loan in banks or some housing finance companies. Khata consists all the details of the property like name of owner, size of the buildings, location of the property and all other details that helps to file the property tax.

There are two types of Khata

1. Khata Extract.
2. Khata Certificate.

Importance of Khata Extract
Khata Extract is required to get trade license, or to buy a particular property. It is an extract from the assessment register about any particular property. It has the details of the property in a particular format. An extract is the only way to get the details of any property.

How to obtain Khata Extract:

For getting a khata extract, owner of the property has to give letter of requisition with property location and details. The fee is Rs.100/- per extract for a period of 5 years of the property.

Importance of Khata Certificate

A BBMP Khata certificate is required for two major purposes

1. For registration of a new property.
2. For transfer of any property.

How to obtain Khata Certificate:

For applying khata certificate, the owner of the property has to give letter of requisition along with details and the latest tax paid receipts to Assistant officer for the sub-division or range. The fee for certificate is Rs.25/- per property. Khata Certificate is obtained for any new registration after paying the tax. This certificate is an essential document to apply for water connection, electricity connection, trade license and building license. The Khata certificate is issued in favor of the absolute owner of the property. Khata certificate can be obtained within a week. And also it is available in citizen service centers.

Document required to obtain Khata
For Khata registration, you needed to enclose the following documents along with the registration form.

1. Documents required for property of land type- Revenue Pockets / BDA Reconveyed areas / Gramathana :

1. Title deed (Reconveyed documents from BDA in case of BDA Reconveyed areas)
2. Tax paid receipts and Khata details.
3. Sketch of your property showing its boundaries and location of site
4. Improvement Charges
5. National Saving Certificates for Rs.200/-
6. Encumbrance certificate for vacant sites
7. Flow chart of title.

2. Documents required for property of land of BDA / KHB Layout

1. Title deed or Possession certificate
2.National Saving Certificates for Rs.200/

3. Encumbrance certificate for vacant sites
4. Flow chart of title.

Khata Transfer

Khata transfer is required when the ownership of property is transferred from one person to another for any reason like sale of property, gift, will or in case of death of property owner and so on. The application for Khata transfer is the same as that of registration and the documents needed along with the application are as follows:

1. Title deed
2. Tax paid receipts and Khata details
3. Paid up improvement charges receipt
4. National Saving Certificates for Rs.200/-
5. Death certificate of owner (in case of application due to death own property owner)
6. Affidavit declaring the applicants is legal heirs of the deceased khatedar.

Bifurcation of Khata

Bifurcation of Khata is modifying two or more Khata into one or dividing one Khata into two or more Khata. Application form for bifurcation of Khata is the same as that of the registration of Khata.

Khata Registration Fee

After the property is assessed, BBMP formally communicates this, mentioning the property dimensions (in sq feet), its value as per BBMP assessment and the tax liability thereon. You are also provided with a notice, mentioning the same and informing you to pay the Khata Registration fee – 2% of the property value as mentioned in the Sale deed. Once you pay the Khata Registration fee, in about 1-2 weeks, you will receive the notice for paying the pending property tax. Without this the Khata Extract will not be issued in your name. But if you have reached this point it means Khata has been technically registered on your name.

Divorce Law Myths in Australia

There are many myths about the laws that govern divorce in Australia. A lot of television shows, such as Boston Legal will have many viewers believing that divorce is a complicated and daunting process. However the majority of divorces never make it to court and only about 5% actually have a judge that makes the final decision. The majority of divorce claims reach a mutual agreement between the two parties before entering the courtroom.

The assistance of a lawyer will speed up the process and will guide you through any complications along the way. A qualified divorce lawyer can answer all questions relating to your divorce claim, including child custody, courtroom affairs and division of assets and property. In most cases your lawyer will be able to reach a settlement with the other party without standing before a judge.

Equal Child Custody
The idea that children will receive equal custody by both parents is not true and neither is the thought that mothers receive more custody. There are a few legislations that state equal child custody however these legislations are not mandatory. The truth is child custody is decided by 3 factors; firstly the childs age and their ability to decide which parent is in their best interest.

Secondly, the safety of the venue the child will be residing, including the home, contents and the surrounding area. Lastly is the practicality of the arrangement, including the distance from school and other facilities the child requires. Another myth surrounding child custody is that there is a high abuse rate. The abuse rate is actually higher in intact families as opposed to separated families where both parents have custody.

Half All Assets and Property
Again only 5% of divorce claims settle property and assets before a judge, as the majority of claims are settled outside of court. Even when settling before a judge, the chance of receiving equal amounts is very rare. In contrast to what many people believe, the earning capacity of each spouse is not the basis for the division of property and assets. Rather home duties are weighed together and the home maker will in most cases receive up to 70%.

For example the father may be more employable than the mother; however the mother has more home caring skills and will most likely end up with a larger settlement. There are cases where the main home carer will not receive the majority of property and assets, and that is when assets exceed an exceptional amount, such as property over one million dollars.

The Jury Decides
Nearly all matters concerning family law will not have a jury and will only have a judge. Divorce claims are held in family or federal courts, where only a judge, registrar or magistrate is present. The only exception is criminal acts, which are not treated as family law and are handled differently.

The majority of simple answers surrounding divorce law are myths, because they cannot be explained briefly. If you are serious about a divorce claim, then you should consult a professional family divorce lawyer. The best way is to jump online and Google family lawyers in your area.

An Overview on Silent Partnership Agreement

Silent partnership agreement is crucial to run a joint venture smoothly:

Silent partnership agreement is basically a legal agreement between two or more people who enter into a joint venture but in a silent partnership the responsibilities of partners are different from each other. In the silent partnership, the silent partner usually provides finances and stays away from the day to day working of the business while the other partner or partners manage to run the daily affairs of the business. The silent partner do not participate in daily management affairs as he is not responsible for the running of the business but shares the profit or loss according to the pre-determined ratio.

The only responsibility of a silent partner is to provide financial investment to a joint venture while the other partner or partners take the responsibility to run the business by managing the daily affairs of the joint venture. While doing a silent partnership in South Africa, it is highly recommended to draft a silent partnership agreement which will help in the smooth run of the joint business and will also assist in resolving the disputes or misunderstandings that may arise in the course of the business.

Legal importance of silent partnership agreement in South Africa: While running a joint venture in South Africa in which a silent partner is involved, drafting and signing a silent partnership agreement becomes very important. It comes under the South African Companies Act, 1973. This partnership contract helps all partners involved in a silent partnership to determine the duties or responsibilities of each partner and also to define the procedures to resolve the disputes in this partnership in a mutually agreed fashion without going to the court. This silent partnership agreement is drafted by the mutual consent of all partners and helps them to run the business without experiencing any sort of disapproving situation. This agreement clearly states the responsibilities of the silent partner that he is supposed to provide financial investment and the other partner will work hard while participating in the managerial duties and will tackle day to day affairs to run the business. With the help of this silent partnership agreement, all partners will be able to resolve their disputes easily in a peaceful manner instead of going to the court in South Africa. This silent partnership agreement is comprised on the following major points.

Name of Business

Location or physical address of business

Nature or the business

Contributionsfrom partners (time, money, property etc)

Profit/loss sharing ratio

Responsibilities of all partners (silent and others)

Decision making

Termination of the agreement

In a country like South Africa, it is very important to draft a silent partnership agreement which plays a vital role in the smooth sailing of a joint venture and helps all parties to resolve their conflicts rather easily.

Net Lawman are adept in providing all kinds of silent partnership agreement templates which are highly beneficial for people who are going to start a silent partnership as these templates are drafted in a comprehensive and easy way in plain English which can be edited easily according to the requirements of people.

An Overview of Contract Law

The Extraordinary Importance of Contract Law:
Contract law lies at the heart of our system of laws and serves as the foundation of our entire society. This is not an exaggeration. It is a simple observation – one that too often goes unobserved.

Our society depends upon free exchange in the marketplace at every level. Contract law makes this possible. Exchanges in the marketplace always depend upon voluntary agreements between individuals or other “legal persons”. Such voluntary agreements could never work without contract law.

Contract law serves to make these agreements “enforceable”, which usually means that it allows one party to a contract to obtain money damages from the other party upon showing that the latter stands in breach.

Without contract law, these voluntary agreements would instantly become impractical and unworkable. Since such agreements lie at the very heart of our society and economy, and since they depend upon contract law, it is no exaggeration to say, as I have just done, that “contract law lies at the heart of our system of laws and serves as the foundation of our entire society.” Those were the very words that I used to begin this essay.

Stated more precisely, it is our system of contract law that underpins and makes possible the many private, voluntary agreements by which exchanges of goods and services are accomplished in our society at every level. No exchange is exempt from the contract law, which indeed can be rightly called the cornerstone of marketplace civilization.

In this article, I will briefly explain the different types of contracts that can be made, paying special attention to the common problems that arise in their formulation. I will also discuss how contracts are enforced or avoided, and how a wronged party to a contract can obtain recompense and other relief from the wrongdoing party. I will explain the principle of good faith, which in California is known as the “covenant of good faith and fair dealing”, and which has been too often overlooked by commentators and practitioners alike.

I do not aim to provide a comprehensive explanation of all the theoretical and practical difficulties. This is an overview, not an exhaustive treatise. Sometimes the overview will better help the reader understand the essential points, or the “forest” if you will, while the treatise is better for explaining the many intricacies and complexities that can be rightly called the “trees” of contract law.

Definition of a Contract:
A contract is nothing other than a voluntary, private agreement to exchange valuable things. It most often is an exchange of valuable promises. For example, a home-buyer might promise to pay $250,000 to the seller, who in exchange promises to deliver unencumbered title to the buyer.

Good Faith and Fair Dealing:
Most exchanges are straightforward matters that are self-executing and done without any problem at all. When I buy a cup of coffee at my local cafe (which I have just done so that I may enjoy it while I compose the present essay on my laptop), the cafe and I have made a self-executing exchange, which we have done without a hitch.

Ditto, if I buy a book at the local bookstore or have my car washed at the local car-wash. Ditto again, if I purchase airplane tickets from a travel agent, or have my house painted, or have my teeth cleaned at the dentist’s office.

Fortunately, most exchanges are performed on the spot to everyone’s satisfaction. Were this otherwise, our society and general commerce would soon become choked by controversy and disputes. Thus it may be said that our system depends above all on the good faith and honesty of our people. Indeed, the principle of “good faith” is central to contract law.

Every contract made or performed in California is said to include an implied-in-law covenant of good faith and fair dealing, by which each party to the contract agrees to act in good faith and deal fairly with the other. This has been construed to mean that one party to a contract should not try in bad faith to cheat the other party of the benefit of the bargain made by the contract.

Inevitable Complications and Controversies:
While most exchanges are performed without incident, not all of them are, as we all know. This is true even in the simplest of matters (e.g., the sale of a cup of coffee) and is even more likely in a complicated transaction (e.g., the financing, delivery, and insurance of commercial aircraft for an overseas company over a thirty-year term).

Let us take a simple example first. I will list only a few of the problems that might arise from a simple contract for a one-time sale of a single box of tomatoes. If you offer to give me $10 for a carton of tomatoes that I have sitting on a table behind me, and if I agree to accept it as payment in full for the tomatoes, we have made an oral contract that we can perform on the spot: You hand me the $10 bill, and I give you the carton. Nothing more simple or straightforward, right? But what if you discover that my tomatoes were too ripe when you bought them, and that they all go rotten within two hours of the purchase? What if I take your $10 bill, but then refuse to give the box of tomatoes, telling you to “beat it, scram, or else you’ll get hurt!” What happens if your $10 bill turns out to be counterfeit, or if you take the tomatoes but refuse to pay, or pay with a check that you later cancel or that is returned unpaid by the bank? What if the carton breaks while you are carrying it, and all the tomatoes fall to the ground and are ruined? What if you needed these tomatoes for the dinner you meant to make for your boss, who, in disappointment, decides not to give you the promotion he had earlier discussed with you? My point is only that problems can and often do arise in even the simplest, easiest exchanges.

In more complicated transactions, the possible difficulties are varied and sometimes difficult for the parties even to envision at the outset, much less address in an intelligent, orderly manner. Let’s consider one such example. Suppose a large American company makes a contract with a large foreign company by which it becomes obliged to design, deliver, and insure an entire generation of commercial aircraft over a thirty-year period. The possible complications might take me literally years to ponder, list, analyze, and explain. It could take a decade or longer for feuding teams of lawyers in several countries to sort out the possible complications that might arise.

To avoid such controversy, which results in burdensome attorney’s fees and an equally burdensome devotion of attention and effort that could be better employed in more constructive endeavors, it is necessary to have a proper contract in place at the outset: If the exchange is to be done on the spot and simultaneously, a written contract need not be used, but the parties should either reasonably trust one another’s good faith or have an exact understanding of the exchange before they undertake it. If the exchange cannot be performed in full on the spot, there should be a written contract to state the parties’ obligations and the essential terms of the exchange. A good written contract will also address at least the most likely complications that might arise, assigning responsibility for any such complication to a specific party in a specified manner.

A good written contract is one that clearly describes the exchange to be done and also addresses the possible complications that might arise during the performance of the exchange.

Different Kinds of Contracts:
I earlier provided a simple definition of a contract. Here is a more technical definition: A contract is a private compact, voluntarily made, by which the parties agree to exchange valuable things with one another. A contract comes into existence when (1) one party makes an offer that the other party accepts, and (2) the parties thereby agree to exchange valuable benefits on specified terms and conditions, with reasonably specific agreement on the price, place, time, the goods or services to be delivered, and the other essential terms of the exchange.