A refugee camp holding thousands of displaced Darfurians/Sudanese in the aftermath of war in the western part of Sudan. A long history of civil war, local tensions, government distrust, and new environmental pressures have scarred the country and brought about the world's worst humanitarian crisis..
In order for a contract to be enforceable, each party to the contract must change his or her legal position in some way. If an agreement lacks consideration, it is generally not a binding and enforceable contract. There are a few exceptions to this rule. A person sued for breaking a promise generally will not be held liable when no consideration was received for the promise.
If you are uncertain as to your duties and you sign the contract, you may be liable for a future unintentional breach of the contract. Contract negotiations, especially in the context of important financial contracts, can be taxing and difficult at best. Make sure the contract contains a specific time and place for performance. 2  The contract should contain a method of providing notice of default and opportunity to cure default. 3  Rights, obligations, and duties of every party should be clearly listed.