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Contractual Agreement


Asked on Apr 14, 2022

Me and my friends are planning to start a business.but using using my Friend's what type of contract should I look into??

Can I draft my own contract and take it to police to stamp it after reaching my agreement with my friend,?

1 Attorney answer




Answered 164 days ago

David H.

ContractsCounsel verified

Business Lawyer
Licensed in Michigan
Free Consultation

In most cases, contracts only need to be signed by the parties to the contract. The contract should have the key information related t the parties signing and the terms and length of the agreement to name a few clauses that need to be included. There are some contracts that need to be notarized. The police may have a notary, but your bank may also. There are many components to your question - ownership of the business, who does what in the business, business formation, is there a need for insurance to cover risks, and other items. There are tools online to help or you can use an attorney. With an attorney you will get specific assistance for your business, online it may be more generalized information you find.

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