The heart of Capitalism comprises two basic principles:
Supply and Demand and Contractual Agreement. A business
transaction occurs when Contractual Agreement is successfully
employed to address a Supply and Demand issue. An implicit
business contract may be as simple as money and goods changing hands,
such as a purchase performed at a local shop or department store. An
explicit business contract may be as simple as a handshake on an
agreement for one individual to perform a service in exchange for
compensation by another.
Ah, but were the world always so simple! Business Law has evolved
because 1) things are not always simple, 2) a transaction is not always
successful, i.e., disagreements arise, 3) not everyone is honest, 4)
circumstances external to a business transaction may create no fault
scenarios that demand resolution and 5) the terms fair practice and
fair value have different meanings to different people, making it
necessary to formulate rules of conduct. “The Law”
is a set of rules and codes of conduct governing societal behavior;
Business Law is the subset of these rules and codes that applies to
business transactions.
The complexities of Business Law are expedited by use of business
legal forms. Without legal forms to act as a conduit by which
business transactions can be recorded, processed and referenced, the
business world as we know it would simply be unable to function. It is
extremely important to utilize the proper business forms required for a
specific type of transaction and to obtain those business forms from a
reputable source to assure yourself that your business transaction is
properly recorded and will stand up under legal scrutiny.
U.S. Legal Forms™,
Inc. (USLF) is the nation’s leader in providing legal forms
on the Internet. The publishing company maintains a database of more than
36,000 state-specific legal forms. USLF products are designed to assist
attorneys in conducting their business more efficiently and to help
consumers with common and routine legal needs. USLF is a privately held
Subchapter-S Corporation.
Attorneys Frank D. Edens and Lem Adams, III, incorporated USLF in August of
1999. Company President and CEO Frank D. Edens developed the USLF concept
based upon early successes the founders had with Internet ventures geared
toward the legal profession. USLF strives to maintain the most accurate
and varied database of legal forms on the Internet. The
USLF website
enables users to preview legal forms and descriptions before they buy.
This feature allows users to be assured they are choosing the legal form
best suited for their individual needs.
Once a legal form is selected, customers can download it online or have it
mailed to them. The website also boasts a law bookstore, handbooks and
guides, as well as popular form packages, including Name Change, Divorce,
Bankruptcy and many more. USLF prides itself in maintaining the highest
level of customer service. Their 100% money back guarantee exceeds the
industry standard.
Authored by Kenneth L. Anderson.
Original article published 9 January 2004, updated 27 July
2005. Information relating to U.S. Legal Forms™, Inc., used with
permission.
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