aspdaddy - 5:12 pm on Jan 26, 2011 (gmt 0)

Very good advice generally, but dont assume its all nailed if you have a $9.99 contract template form the web. Good contracts costs a lot of money to put together

They are legally binding

Unles of course (in the UK at least) they contain unfair contract terms or a lack of good faith, which many do. Many contracts are dismissed when things get to the courts - pre-nuptials for example have no legal status in the UK

Also dont forget that emails, faxes, letters and verbal comunications can also be legally binding in addition to any formal contract. I have used verbal agreement to withhold payments to a company even though what was agreed verbally during the sale wasnt in the contract I signed afterwards. The company diddnt puruse it through the courts because they know the law says I win.