Almost any business executive will tell you that contracts are an essential building block of corporate success. In simplest terms, a contract is the agreement to provide goods or services in return for some type of consideration. These crucial documents are in place to establish a detailed agreement between two or more parties. Once a contract is issued and signed with the assistance of legal counsel, it is designed to act as a binding legal agreement.
To better protect yourself and your business, it is a wise decision to seek legal counsel before signing or issuing a contract to another party. Attorneys who specialize in business law and more specifically contracts, can assist with the review of a contract under consideration or the drafting of a contract for a potentially new deal.
At Harold “Hap” May Attorneys at Law, our goal is to help companies have more peace of mind when it comes to various forms of contracts so they can keep their focus on the business at hand.
Situations That May Require Contracts
Contracts govern dozens of common business transactions every day. Some of the more common types of business contracts required to flourish in the corporate world today can include:
- Employment contracts
- Confidentiality agreements
- Contractor agreements
- Service contracts
- Stock purchase agreements
- Distributor, manufacturer, or vendor agreements
- Buying or selling of property contracts
- Partnership agreements
- Property or equipment lease agreements
Why You Need an Attorney to Assist with Business Contracts
A contract is designed to govern a situation like one of those listed above, but it can only do so if it is accurately written in a way that protects you as the issuer or signee. Enlisting the help of a reputable and experienced attorney that specializes in business contracts is often the preferred method for corporations for the following reasons:
- The oversight of your business dealings is viewed from a legal standpoint so necessary protections can be put into place.
- Legal counsel understands the legal implications of certain words and phrases embedded in contracts.
- It allows for personalization of contracts between the company and different entities such as vendors or service providers.
- Attorneys are experienced in contract formation and negotiation.
- It can be an added layer of protection in the event of a future contract dispute.
- Attorneys understand the scope of local and state laws as they relate to business contracts.
Areas of Business Contracts Our Lawyers Specialize In
At Harold “Hap” May Attorneys at Law, we know business, and as a legal firm in one of the largest cities in the nation we have extensive experience in various areas of contract law. Some of the areas of business contracts our lawyers specialize in are:
The Federal Trade Commission requires franchisors to give potential franchisees a Franchise Disclosure Document. This document is typically very lengthy and chocked full of legal speak. When signing on to do business with a franchisor or franchisee, do not go it alone. Our attorneys can help you draft or review this complex document while ensuring your rights are well protected.
This type of contract generally refers to the type of contract made between a customer and retailer or merchandiser and may look like a subscription agreement or something similar. Whether you require assistance drafting a consumer contract, reviewing it, or are facing a breach of a customer contract, we have attorneys who can help.
Investors and Lenders
Any time a business is entering into an investment loan agreement, it is crucial to have legal counsel who has an intimate knowledge of the language and details involved in order to adequately protect your business and your rights.
Government Entity Contracts
When it comes to contracts with government entities, it is advisable to have legal representation from step one. There can be an abundance of red tape and hoops to jump through when it comes to these contracts, so protect yourself, your assets, and your time by partnering with one of our business contract attorneys.
A service provider contract is typically between a service provider and their client or customer. It usually covers terms of service such as deadlines, payments, and more in extensive detail to prevent any ambiguity or future legal disputes. We can help you draft or review service provider contracts.
A Word About Good Contracts
In the business world, word gets around quickly regarding both leaders and slackers in the industry. How your business puts together and vets contracts will be a significant part of your reputation amongst peers and colleagues. Craft a reputation of attention to detail, fairness, and credibility by working with respected business attorneys. The result can be solid business contract formation and negotiation accompanied by the respect of others who may have the opportunity to do business with you in the future.
If you are a small business owner or corporation with questions regarding the drafting, reviewing, or defending of business contracts, please reach out to our law firm today for more information from our business attorneys.