A contract must have three essential parts: an offer, an acceptance and consideraton. The offer has two parts: a promise to do something and a statement of what the person making the promise wants in return. The acceptance occurs when the party to whom the offer was made agrees to give the other person what she asked for in return. The consideration is what each party gets and gives.
Contract Law Articles
Summary: If you are in the market for expensive products or services offered by multiple sellers, use this effective strategy: research what you need and want, who offers it and each seller’s reputation; write out your specifications and establish the rules for how the sellers are to give you their best price. This will give you your best alternative deals (B.A.D.).
This article is to introduce users of Airbnb looking for vacation or other short term rental property to the basics of the contract a user must sign with Airbnb to use its service. This article only deals with the contract Airbnb has with a renter (aka Guest).
Airbnb provides an online service that connects Hosts who have accommodations to rent with Guests seeking to rent. It provides an alternative to booking a hotel room when traveling. In order to access certain features of the Airbnb website and its tools, and to book an accommodation or create a rental listing, you must register to create an account and become a member. And, in order to do that you must agree to its Terms of Service. This is the contract you are signing with Airbnb. You must also sign a contract with the Host - the rental agreement. This article offers three tips to holp you evaluate the Host and his contract and to have a good experience with the accommodations you rent.
Successful negotiation takes effort and creative thinking but offers the potential for greater rewards for the parties and a good relationship.
Contracts often contain a provision called an Indemnity Clause. This clause states that one of the parties ("Indemnifying Party") promises to defend and pay costs and expenses, such as attorneys' fees, for the other party ("Indemnified Party") under certain circumstances. Signing a contract to indemnify another person is risky business.