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Read This Before You Enter into Contracts

Read This Before You Enter into Contracts

As with
much of family law, contract law applies differently from place to place
. As such, without
going into discussions of specific
State statutes, we can only go as far as
general trends on the matter. Usually, though adults and children may very well
come to terms on a written contract and both parties may uphold their end of
the bargain, a child may just as well prove non-compliant with most supposedly
binding agreements. This is related to the concept inherent in many
State
family laws of
 capacity.         

Primarily, the above consideration of family law has to
deal with concerns in the wake of agreements between individuals. As for
contracts between minors and public entities/private companies, in some
instances the latter will not let a juvenile move forward without additional
consent from a
 child’s guardian. Meanwhile, some manifestations of
family law and contract law are not as readily subject to the child’s
discretion or revocation.

In some specific circumstances, such as approval of a
loan for a minor student starting college, the child’s parent will likely have
to co-sign on the written contract between creditor and those receiving the
funds and will be in part responsible for any financial consequences should the
terms of the agreement not be upheld. Similar provisions might be in order for
children who are paid entertainers, with deals being struck between an
agency/other company and his or her immediate family
on the minor’s behalf. Laws
dictate that parents may be culpable should their children not perform as
expected. 

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