Learn More About Contract Law in Magnolia, Arkansas

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Magnolia is a city in Columbia County, Arkansas, United States, that was founded in 1853. At the time of its incorporation in 1858, the city had a population of about 1,950. The city grew slowly as an agricultural and regional cotton market until the discovery of oil just east of the city in March, 1938, with the Barnett #1 drilled by the Kerr-Lynn Company. The Magnolia Oil Field was an important discovery, not just for the city but for the nation, as it was the largest producing field (in volume) during the early years of World War II, helping to fuel the American war effort. According to 2006 Census Bureau estimates, the population of the city is 10,478. The city is the county seat of Columbia County. It is also home to the World's Largest Charcoal Grill and the World Championship Steak Cookoff, part of the Magnolia Blossom Festival.

Contract Law Lawyers In Magnolia Arkansas

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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 Arkansas

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...