Part of running a business involves setting up contracts with suppliers, clients, and employees. As a business contract lawyer, we want you to protect the longevity and success of your business with effective contracts. Here are some of our top tips for putting together legally binding contracts that protect your business’ interests:
- As a business contract lawyer, we have seen many business agreements fall apart because they were not written down. Even if you believe the other party will stay true to their word, always put your contracts in writing.
- Make sure your business contracts are as clear as possible without being overly complicated. State the terms of the agreement, who is involved, any special arrangements, and how to end the agreement if one party decides to terminate the arrangement.
- There may come a time where you end up in a dispute with a client or a supplier. In your contracts, outline how you will deal with disagreements, whether this is through arbitration or another method.
- When you create your business contracts, make sure you include all parties involved and specify their role in the contract in detail.
- Do not waste time creating a contract with a person who has no authority to do so. If you feel like you are negotiating a contract with someone who does not have the power to make this kind of agreement, pause negotiations until you can talk to someone else.
Do you need help creating effective business contracts? Choose us as your business contract lawyer, and we can make sure your contracts reflect your best interests and remain legally binding.