Two Simple Forms Of Contract
( Originally Published 1918 )
CONTRACT, made and concluded this first day of June, A. D. I9--, by and between John Jones, of the city of Spring-field, county of Sangamon, and State of Illinois, party of the first part, and Samuel Smith, of the same place, party of the second part, in these words : The said party of the second part contracts and agrees to and with the said party of the first part, to [here insert what is to be done] and the said party of the first part contracts and agrees to pay unto the said party of the second part, for the same, the sum of fifty dollars, lawful money of the United States, as follows : the sum of twenty-five dollars when [here state the contingency on which the first payment is to be made], and twenty-five dollars when [here state the other contingency].
In witness whereof, the parties to these presents have hereunto set their hands and seals, the day and year first above written.
JOHN JONES. [SEAL]
SAMUEL SMITH. [SEAL]
This agreement is made this first day of May, 19—, between William Jones and Thomas Smith, both of Kewanee, Illinois.
William Jones undertakes to construct a new shed back of the house of Thomas Smith. The shed is to be completed within thirty days. It is to be twenty feet long, twelve feet wide, and ten feet high from ground to roof, and to be of plain pine half-inch boards on two-by-four scantling frame, and with a floor six inches above the ground.
When the shed is completed Thomas Smith is to pay to William Jones one-half the cost of the material and labor plus ten per cent. In addition William Jones is to receive the material from the old shed now back of Thomas Smith's house.
Both of the Foregoing Forms have all the elements of a simple contract:--competent par-ties; something to be done; consideration for doing it; time of performance.