Clients often come into my office with complicated contract disputes. These can be difficult and expensive.
Friends, today I offer some insight to law abiding citizens on avoiding half of all legal problems. Under our common law tradition, civil actions can be divided roughly into two categories: tort and contract. Injury for negligent conduct, such as may be involved in an automobile or boat collision, gives the injured party a cause of action in tort. Injury from breach of contract, such as incomplete repair work, improper repair, nonpayment, supply of defective goods, or unworkmanlike performance, gives the injured party a cause of action in contract.
Listen to me very carefully. You can choose the party with whom you contract. You cannot always pick the person who will cause a car wreck, but you can always choose the party with whom you contract. If you choose to do business with crooks, or litigation freaks, legal problems will follow. But you can choose to do business with reputable persons or firms with a track record of avoiding litigation.
In summary, to avoid contract disputes do business only with good people. This will avoid legal problems more effectively than any contract language ever drafted by a lawyer.
Now insights on the boat business from two who have been there.
This just in from Walter who has a proven method to earn $1 million in the retail boat business. Says Walter, it’s a two step method. Step one: invest $2 million of your hard earned money into a retail boat business . . . step two: sell fast before you lose the second million.
Recently, Bob described the retail boat business in this way. You’ve heard the old saying that a boat is a hole in the water into which you pour large sums of money each day. Imagine a hole in the water. Imagine big rolls of currency being tossed into the hole. Imagine over time the ever escalating loss. Now, multiply by 35 boats.
More next week on The Admiralty Docket. Until then, remember your rights and responsibilities may change as you approach the shore and may God Almighty grant you pleasant sailing.
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