Define Fillable Fields In Legal New Jersey Contractors Forms For Free

Lesson Summary. A contract is a legal agreement between two or more parties in which they agree to each other's rights and responsibilities. Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.

For a contract to be legally binding, and therefore enforceable, it needs to satisfy four principles: offer, acceptance, consideration and the intention to create legal relations.

Under New Jersey law, the creation of a binding contract requires a ?meeting of the minds,? which means that the parties must agree to all the material or essential contract terms and show an intent to be bound by those terms (Weichert Co. Realtors, 128 N.J. at 435; Gamble, 399 N.J. Super. at 140-41).

The Act requires any contractor engaging in the business of making or selling home improvements, whether an individually owned business or a corporation, limited liability company, partnership, or association, to register annually with the Division, unless specifically exempted from registration under the Act.

Results in an exempt capital improvement, the contractor may not collect Sales Tax from you on any charges (materials or labor) if you give the contractor a completed Certificate of Exempt Capital Improvement (Form ST?8). You must complete all fields on the exemption certificate in order to claim the exemption.

Registrations: Home Improvement Contractors: Any landscape contractor in engaged any business activity beyond basic lawn maintenance is required by law to register with the Office of the Attorney General, Division of Consumer Affairs, as a home improvement contractor.