Equine Law Blog
After you’ve devoted considerable time and expense to developing a good contract for your equine transaction, the last thing you can afford is for the other party to claim that your contract was somehow changed. Disputes have arisen when parties to contracts claim the contract was canceled through a verbal agreement or somehow replaced by a claimed verbal understanding.
Attention to detail can prevent these disputes. Make sure that the contract addresses how it can be changed. To protect the integrity of the contract and to prevent a party from wrongly changing it, contracts can state, for example:
- The parties intend for the written and signed contract to be the complete expression of their understanding.
- The written contract replaces any prior understandings that the parties may have had.
- The written contract can only be modified or terminated by a written agreement that has been signed by all parties.
Discuss these and other provisions of contracts with a knowledgeable lawyer.
ShareholderJulie Fershtman is considered to be one of the nation's leading attorneys in the field of equine law. She has successfully tried equine cases before juries in four states. A frequent author and speaker on legal issues, she has written ...
