This article was co-authored by Srabone Monir, JD. Srabone Monir, Esq., is an Attorney based in New York. She received her JD from the St. John's University School of Law in 2013, and has used her legal training in positions for 32BJ SEIU, the New York Legal Assistance Group, and Disability Rights New York. She is currently a Principal Law Clerk with the New York State Supreme Court. She is also a VA Accredited Attorney as of 2015 and is licensed to practice law in New Jersey and in New York.
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A contract creates legal obligations between two or more “parties” (individuals, businesses, institutions, etc) involved in the contract. Contracts are agreements to exchange something of value (usually goods or services) that are enforceable in court. It is important to include the appropriate information in a contract to protect all parties and ensure fairness.