A contract is a legal agreement that is implemented between two or more parties comparatively following certain requirements. A contract not only needs to be on a specific project, but also needs to reflect the agreement made between both the parties. A contract is the key element of every business and is therefore, very vital for everyone to understand all the terms and conditions that are included in it.
In Portugal, a contract formed by two or more parties, that are mandatory or otherwise, understand the terms and conditions that are in accordance with it. The most basic principle of the contract law here is the freedom of contract. Meaning that certain limits are set by the law where both the parties feel free to format the contents in the contract. They have the freedom to enter into a contract only when they have understood its details from the beginning to the end.
A contract can be anything from a formal written contract to a verbal promise. If you want to know more about the different types of contracts and their benefits, make use of the Portuguese Legal Contracts Translation Services. There are different types of contracts that can be formatted.
A written contract is more powerful than any other contract. The reason being, that it clearly sets out the details of the agreement made. Issues such as materials, time span, payments and procedures you need to follow, is all displayed in this contract. A major benefit is that it provides proof of the agreement that was made between both the parties.
It also helps you to minimize risks that can take place, as it is much safer to have something in writing. It also gives you the security and peace of mind because you know how to work, how long to work and also about the payment you will receive.
Since, it is a written contract; it will be in the form of a document. Portuguese, being a difficult language, everyone does not know how to speak or understand it. Here, you can take help from the Document Translation Services to make it easier for them to understand. Similarly, you can also take help from the Portuguese Contracts Translation.
Standard Form Contracts
A standard form contract is a contract that is prepared in advance not giving much space for both the parties with little or no time at all to negotiate. These types of contracts only contain information such as names, dates or signatures. Standard form contracts often include certain terms and condition in fine print that you may not understand. They tend to be a just one-sided document that usually benefits only the party that has prepared it.
If you do not understand any part of the contract, for any reason, either you can’t read it or don’t know the language that it is written in Portuguese, hire the Portuguese Translation Services because they are not only cost effective but also provide the best quality service.
The period contract is a document that indicates the terms for a business relationship where both the parties are to perform from time to time. This type of contract is mostly used in the building and construction industry. Through this contract, every time one party hires the other party to work, the offer should be accepted.
Once the project has started, the total payment as well as the mode of payment is also discussed. This type of contract can work well for both parties because it is flexible and allows both the parties to work only for a specific amount of time.
There are different tactics for those parties who want to make their own terms and conditions that are suitable for both of them. If you are still confused on which contract you need to make that will be beneficial for both you and the other party, always remember the Portuguese Contracts Translation.