Category Archives: Contract Preparation

Contract Negotiation in Staten Island NY When Making a Personal Loan

There comes a time in many people’s lives when a friend or loved one asks for a personal loan. This can be for many reasons, including paying off bills, going on vacation or even buying a house. While many times these contracts are “handshake deals” it is really for everyone’s best interest to engage in contract negotiation in Staten Island NY so that everyone knows the details of the deal at hand and knows what can be expected when it comes to enforcement of the loan. By using an attorney to assist in contract negotiation in Staten Island NY, every part of the agreement for a personal loan can be put in writing, meaning a clearer agreement that is easier to stick to.

When a personal loan is for a large amount of money and has interest involved, it is best to put that agreement in writing. While it is possible for parties to write this agreement up themselves, the best option is to use an attorney to write up the agreement and help negotiate the deal. There are many aspects of a personal loan that the parties may not think of, such as payment dates, grace periods, what happens if a payment is missed or how long the loan payments will last. When these aspects of a personal loan are put on paper, there is more transparency when it comes to that loan, making it easier for all sides to act on the contract.

While contract negotiation may seem formal when it comes to a loan to a family member or friend, having a clear statement as to what is expected of everyone in the form of a contract can keep personal issues out of that loan later on.

Using a Contract Attorney in Staten Island NY for Your Negotiation

Negotiation is not something that many in our culture are good at, mainly because we are not taught early on about what tactics to use. Unlike other cultures, where people learn from childhood how to negotiate, we tend to just enter into transactions based on price, not based on bargaining. However, when it comes to contracts, it is best to have a thorough all parties have strong representation behind them in the form of a contract attorney in Staten Island New York. Having a contract attorney in Staten Island New York assures that someone who has been educated in the best tactics to use when negotiating works hard for you and what is important for you in your contract.

There are limited careers where the art of negotiation is second nature. Some examples of this would include real estate developers, car dealers or general contractors. Individuals in these fields have to deal with negotiations every day, meaning that negotiation is second nature to them. If you are someone who is doing business with someone in one of these fields, you could end up on the wrong side of a bad deal, especially if you do not understand how to be sure what to do to make the deal swing more your way. While you may not want an attorney to help buy a car, with a contract attorney in Staten Island, New York, you can have someone on your side who is equally well versed in negotiation skills as the people you would normally contract with. Through this, you can make sure that you have your interests heard when you are coming up with a contract, meaning you have a much better chance of reaching an agreement that is fair for you.

Using a Contract Attorney in Staten Island to Prevent Disputes

Looking for a contract attorney in Staten Island NY? If you are currently in the process of drafting a contract and you are considering hiring a contract attorney in Staten Island, then you might be happy to know that the help of an experienced attorney who can guide you during the drafting process, the negotiation phase and one who can help you modify your contract depending on the needs of either party can really make the difference when it comes to avoiding disputes due to contracts that were not drafted correctly or that are ambiguous.

Remember that if you decide to draft the contract yourself, you are exposing your person and you assets to the interpretation of the law, and since the law can be interpreted in many ways, a contract needs to be bulletproof in order to prevent any unpleasant surprises. Contracts can sometimes be held invalid in court and this is where you’ll want to go back in time to get the help of an experienced contract attorney that can help you satisfy the requirements of good contract that will protect you from any circumstances or factors.

We have to keep in mind that a contract in very broad terms refers to an exchange of legally enforceable promises between two or more parties. And the legal right to enforce this exchange of promises can only be upheld in court if the contract is clearly drafted and complies with the law in terms of liability, triggers, rights and obligations. If you are currently thinking about drafting a contract or sealing a contract with another party, it might be a good idea to hire the services of a contract attorney in order to avoid disputes in the future.

How to Handle Problems with Clearing Titles in New York

If you are looking to clear up title issues in the state of New York, it can be confusing to figure out your next step.  In some situations, you might be concerned about how to handle problems with the clearing of the title.  This article is designed to give you some brief insight into what to do if you have questions about the clearing of a title in this state.

One such example emerges when the buyer and the seller have each signed the contract.  The buyer, making an earnest deposit for the home, appeared to indicate their strong desire in obtaining the home.  He or she most likely also invested in the home inspection, obtaining the appraisal, searching for the title, and invested in legal fees as well in the state of New York.  Your next step for handling a problem with the title largely depends on the wording of the contract of sale.

In the majority of New York State contracts, the buyer is only going to be reimbursed for the title expenses in the event that the seller is not able to deliver a full and clear title to close out the purchase.  In another contract, the seller might be responsible for the cost of the title report and the entire down payment and any survey they have completed.  This would be included in a clause discussing the terms under which the seller is not able to deliver an insurable title.

If you are concerned about clearing title issues in New York, you need to speak with your attorney about the clauses in your contract and what rights you have under the law.  Don’t hesitate to act if you are concerned about a clear title.

Tips for First Time Home Purchasers in New York

Prepared to become a first-time home purchaser in New York? Entering what seems like a “lion’s den” can be overwhelming, but not if you’re prepared for what to expect.

Use All Resources

Of course you’re going to be conducting research on your own prior to becoming a home purchaser in New York.  Did you know that the federal Department of Housing and Urban Development provides you with access to free pre-purchase home counseling near you? Call 1-800-569-4287to take advantage of this opportunity.

Likewise, get an attorney to review all your loan documents and contracts before you sign them.  Don’t feel pressured that you have to sign anything without getting an attorney to review it, since a business should always give you ample time to review all documents before becoming a home purchaser in New York.

Protect yourself with an independent inspection of the home.  You want this to be included in the contract, outlining that you have the option to choose your own individual to inspect the house and to ultimately cancel the contract if you are not happy with the outcome of the inspection.  Wanting to finalize your plans for your dream home doesn’t mean that you should rush through becoming a purchaser in New York, because you are in the driver’s seat.  Make sure that you have covered all your bases, used your available resources, and feel confident about your own decision before moving forward with the purchase.

Make sure you also shop around for all the mortgage terms that you may qualify for.  This can help save you a lot of money, and the home seller should not require that you work with a particular bank in order to become the purchaser in New York.