"What You Should Know About Contracts" (article by Nolo)

The article "What You Should Know About Contracts" by Nolo explains that contracts are legally binding agreements between two or more parties. It emphasizes the importance of clearly understanding the terms, including obligations, rights, and deadlines. A valid contract typically involves mutual consent, consideration (something of value exchanged), and legal purpose. The article advises reviewing contracts carefully before signing and seeking legal advice if needed. Recognizing common contract types and potential pitfalls helps protect your interests and ensure that agreements are fair and enforceable. Overall, understanding the basics of contracts helps you make informed decisions and avoid disputes.