Best Contract Lawyers in Panama City

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Universal Services

Universal Services

15 minutes Free Consultation
Panama City, Panama

Founded in 2019
3 people in their team
English
Spanish
At Universal Services, we're your trusted partners for comprehensive legal and language solutions, catering to the diverse needs of both corporations and individuals engaged in business within and beyond Panama.We are dedicated to offering consistent legal assistance to both local Panamanian...
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PGS ATTORNEYS

PGS ATTORNEYS

15 minutes Free Consultation
Panama City, Panama

Founded in 2008
25 people in their team
English
Spanish
PGS Attorneys is a full-service law firm. The firm specializes in corporate and commercial legal services, immigration, real estate, litigation, estate planning, protection, and tax law. Their group also includes a realty company. Our legal practice includes areas such as: Real Estate Legal...
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KOVALENKO & VERA Abogados. Attorneys at Law

KOVALENKO & VERA Abogados. Attorneys at Law

Panama City, Panama

Founded in 2000
10 people in their team
Spanish
English
Kovalenko & Vera is a Panamanian law firm that stands out for its commitment and dedication to providing a personalized service to all its national and international clients, in terms of legal representation and advice.Kovalenko & Vera offers a range of legal services in Panama with the...
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Kraemer and Kraemer

Kraemer and Kraemer

Panama City, Panama

Founded in 2008
30 people in their team
Spanish
English
Portuguese
Kraemer & Kraemer is a law firm in the Republic of Panama, assisting companies and individual investors with establishing commercial operations in Panama, from basic to regulated activities, as well as general legal affairs within Immigration, Taxation, Business, Real Estate, Trademarks,...
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Mata & Pitti Lawyers - Law Firm

Mata & Pitti Lawyers - Law Firm

Panama City, Panama

Founded in 1984
10 people in their team
Spanish
English
About our firm.Founded in 1984, Mata & Pitti is a Panama law firm offering over 30 years of experience to an international clientele interested in the offshore legal opportunities that Panama provides to the world.Our areas of expertise are mainly associated with incorporations of Panama...
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Studio Panama Italia

Studio Panama Italia

Panama City, Panama

Founded in 1989
56 people in their team
English
Studio Panama Italia stands as a beacon of comprehensive legal expertise in Panama, specializing in a wide array of services that include administrative law, business management consulting, immigration, real estate, and tax consulting. The firm's seasoned attorneys and consultants bring a wealth of...
Navarro Navarro & Associates

Navarro Navarro & Associates

Panama City, Panama

Founded in 2000
50 people in their team
Spanish
English
Our goal at Navarro Navarro is to provide optimal results for our clients with the least amount of conflict. We are well known and respected for resolving complicated matters and saving our clients money and time. Our main priority is to pursue your rights and interests without having to resort to...
PANAMA LEGAL BUSINESS

PANAMA LEGAL BUSINESS

1 hour Free Consultation
Panama City, Panama

Founded in 2012
15 people in their team
Spanish
English
French
Chinese
Italian
Welcome to Panama Legal Business, your legal ally in Panama.With over a decade of unwavering commitment, our law firm has diligently assisted numerous high net worth individuals and corporations in navigating the complexities of immigration and corporate law.Specializing in the meticulous...
Mulino & Mulino

Mulino & Mulino

Panama City, Panama

Founded in 2016
English
Mulino & Mulino is a boutique Panamanian law firm specializing in maritime law, shipping-related areas, banking and finance law, litigation and arbitration, and commercial transactions. The firm's corporate department offers legal advice to corporate clients, including foreign corporations,...
Alfaro, Ferrer & Ramírez

Alfaro, Ferrer & Ramírez

Panama City, Panama

Founded in 1965
200 people in their team
Spanish
English
Our history dates back to January 21, 1965, when founding partners Eduardo Alfaro, Alejandro Ferrer and Alfredo Ramírez established the firm. After more than 60 years of service, we stand out as one of the firms with the greatest experience and track record in Panama.The main values ​​and...
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About Contract Law in Panama City, Panama

Contract law in Panama City, Panama governs the legal agreements between parties that outline the rights and obligations of each party. It ensures that contracts are legally binding and enforceable. Understanding the fundamentals of contract law is essential for individuals and businesses entering into agreements in Panama City.

Why You May Need a Lawyer

There are various situations where seeking legal help in contract matters in Panama City is recommended:

  • Creating or reviewing contracts to ensure they are legally sound and protect your interests.
  • Negotiating contract terms with other parties to ensure fairness and clarity.
  • Resolving contract disputes and breaches through negotiation, mediation, or litigation.
  • Understanding your rights and obligations in existing contracts.
  • Ensuring compliance with contract terms and local laws.

Local Laws Overview

Key aspects of contract law in Panama City, Panama include:

  • Freedom of contract: Parties have the freedom to negotiate and enter into contracts based on their own terms, within the bounds of the law.
  • Formal requirements: Some contracts, such as real estate contracts, may require specific formalities, including written form and notarization, to be enforceable.
  • Invalid contracts: Contracts can be invalidated if they involve illegal activities, lack consideration, or are entered into under duress or fraud.
  • Interpretation of contracts: Courts in Panama City interpret contracts according to their literal terms, focusing on the parties' intentions.
  • Remedies for breach: In case of a contract breach, remedies may include compensatory damages, specific performance, or contract termination.

Frequently Asked Questions

1. Can a verbal contract be enforceable in Panama City?

Yes, verbal contracts are generally enforceable in Panama City. However, it is recommended to have written contracts to avoid potential disputes as proving the terms of verbal agreements can be challenging.

2. How can I terminate a contract in Panama City?

Contract termination procedures are typically outlined in the contract itself. If there is no provision for termination, consult with a lawyer who can guide you through the appropriate legal steps to terminate the contract.

3. Is it mandatory to notarize contracts in Panama City?

Not all contracts require notarization. However, certain contracts, particularly real estate agreements, may need to be notarized to be valid and enforceable. Consulting with a lawyer is recommended to determine if notarization is necessary for your specific contract.

4. How long do I have to file a lawsuit for a breach of contract?

The statute of limitations for filing a lawsuit for breach of contract in Panama City is generally ten years. However, it is advisable to consult with a lawyer to understand the specific time limitations that may apply to your situation.

5. Can a contract be modified in Panama City after it is signed?

Yes, contracts can be modified after signing, but both parties must agree to the modifications. It is best to document any changes in writing to avoid misunderstandings or disputes. Consulting with a lawyer can help ensure the modifications comply with legal requirements.

Additional Resources

  • Ministry of Commerce and Industries - http://www.mici.gob.pa
  • Panama Chamber of Commerce - http://www.panacamara.com
  • Panama Bar Association - http://www.panama-lawyer.com

Next Steps

If you require legal assistance in contract matters in Panama City, Panama, it is highly recommended to consult with a qualified lawyer experienced in contract law. They can review your specific situation, provide tailored advice, and guide you through the necessary legal processes to protect your rights and interests.

Lawzana helps you find the best lawyers and law firms in Panama City through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Contract, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Panama City, Panama—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.