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What happens to a business contract signed by husband with dementia in wife's company name?
Unless there is some reason why the husband has authority to sign on behalf of the company, it would be void.
Added: IF the husband was legally authorized to sign such a contract, the husband would have to be legallydeclared to have been mentally incompetent at the time that he signed it. Only then could the contract be declared null and void.
What else can I help you with?
What happens when a partner leaves a business or dies?
What happens when a partner dies in business depends on the contract. Many people may write a contract that replaces a partner with a family member of the partner.
What happens when first day of month is a Sunday for business or contract purposes?
The contract starts on the first "business" day so it would begin on Monday.
What happens when a WWE contract expires?
The wrestler will either renew the contract, or leave the company to pursue something else.
What happens if you lost business quotes on a building contract?
First understand why you lost the business quote. What unforseen event caused the change in your building contract? Try contacting the builder to see if this issue can be resolved.
What happens to a company if marginal cost becomes higher than price?
The company will go out of business
What If marginal cost becomes higher than price what happens to a company?
The company will go out of business
What happens when a business is owed money by a company that files for bankruptcy?
Need the right answer
What happens if there is no constitution for the company?
The original way was that the business was going to be regulated by the government. However the government became regulated by business.
What happens to contracts when a company is dissolved?
When a company is dissolved, its contracts may be terminated or transferred to another entity, depending on the terms of the contract and the laws governing the dissolution.
What happens if a partner dies or leaves a business?
do you file a k-1 if a partner leaves the company
Hiring an Attorney for Business Contracts Agreements?
When a business wants to draft a contract with another company, it can be quite a difficult process. If a company is on edgy terms with another company, it may be even more difficult to draft a contract that is honest and ethical. Hiring a good attorney is truly critical for any business deal where a contract must be drafted. Drafting a contract for a business agreement can be a tricky business. An attorney truly must have a command of the English language, in order to draft contracts that are thorough and to the point. An attorney should seek to do his or her best in making a contract that clearly articulates the deal that has been negotiated between two parties. If an attorney fails to draft a clear contract for a business, then that business may be able to sue the attorney for legal malpractice. This is one of the worst sorts of lawsuits that any lawyer can be involved in. It is truly important for a lawyer to give his or her best efforts when drafting business contract agreements. It is always a good idea for a business to hire in-house counsel, just in case another business decides to breach the contract. Breach of contract is one of the most common claims filed in the court system. When this happens, a business can lose a tremendous amount of profits and will seek to recover such lost profits from another business. It is a good idea for a business to hire the same attorney for fighting in this sort of case that actually drafted the contract. The more an attorney has knowledge of the past history of a business, the better he or she will be able to fight for that business in a court of law. Even though in-house counsel an be expensive for any business, it truly is a wise investment. By investing in the right legal help, any business does a service in protecting its assets and profits. Without the right legal help, any business exposes itself to the risk of losing millions of dollars in a given year. It is truly to any business's benefit to work with legal counsel to draft fair and honest contracts with other businesses. When a business does this, other businesses are more likely to actually follow through with the contracts and do everything that they can to avoid breaching the contracts.
What is Ambiguity in contract against drafter?
Ambiguity in a contract happens when there is a term, or set of terms, that are not defined, that can be construed to have more than one meaning (hence the ambiguity in the contract). When this happens, the ambiguity is construed against the drafter of the contract since it was the party that drafted the contract. The drafter of the contract had the opportunity to define each of the terms in the contract before presenting it to the other party to execute. The person agreeing to the contract that is not the drafter often does not have the ability to alter the contractual terms or definitions contained in the contract. Further, the drafter of the contract often is the "savvy business person" or "savvy business entity" that use contracts all the time. To get around this, often a drafter will put a section in the contract that states that each party to the contract assisted in drafting the contract, which will help the drafter make the argument that the potential for an ambiguity being construed against the drafter is eliminated.
