Photo for Contract Basics article

Contract Basics

By Tim Akpinar with Erol Akpinar

From their childhood, people might remember the enchanted tale of “The Reluctant Dragon.” Its author, Kenneth Grahame, is probably better known in boating circles for this quotation from “The Wind in the Willows”: “Believe me, my young friend, there is nothing—absolutely nothing—half so much worth doing as simply messing about in boats.”

As readers can appreciate, much of that “messing around” involves contracts being entered into for the hauling, storage, mooring and repair of those boats. In many instances, people don’t always realize a contract has been created because such deals are often consummated casually with nothing more than a handshake or nod.

Read More