Learn More About Contract Law in Elida, New Mexico

Elida is a town in Roosevelt County, New Mexico, United States. The population was 183 at the 2000 census. The late Portales philanthropist Addie Peed Swearingen grew up in Elida and lived on a ranch there from 1960-1979. Another notable Elida native is former Texas Tech Red Raiders baseball coach Larry Hays.

What is contract law?

A contract is a promise, or set of promises, for breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a duty. Contracts law involves assisting individuals and businesses in the negotiation and execution of all types of legally enforceable agreements -- including contracts for the sale of property, employment agreements, and promissory notes -- and also to represent clients in legal disputes and litigation to enforce contracts.

Answers to contract law issues in New Mexico

What does it take to make a contract?

A contract is an agreement between two persons to either do something or not to do something in exchange for some...

What are defenses to enforcement of a contract?

There are several defenses that can conceivably be asserted to a claim to enforce a contract. For instance, if one...

What are important components to look out for in a contract?

In reviewing a written contract, there are several things that the parties need to be on the lookout for:

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When is it a good idea to have a contract?

A contract is an agreement between at least two people or companies, in which they each promise to do something for...

How do you modify a contract?

Sometimes, after you have entered into a contract, you may need to modify it. Either time has passed and...