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75% of small business owners are concerned that they may be the target of a frivolous lawsuit and small businesses with revenue of a million dollars spend an average of $20,000 a year dealing with lawsuits.
One of the best ways to protect your business is to make sure all the contracts you sign with customers, vendors and other third parties are drafted correctly, follow the law and will be enforceable should you end up in front of a judge.
To best way to make sure your agreements are in order is to work with a contract lawyer that has experience with the most common types of documents small businesses need.
Nobody likes reading contracts as they tend to contain language that is confusing and hard to interpret. That said, it’s important for the success of your business that you understand what you’re signing.
Whether you drafted an agreement or you’ve been presented with a document you need to sign, an experienced lawyer can quickly assess the situation and provide advice on how to proceed.
Once a contract has been breached, the parties may try to settle the situation on their own. When that does not work, lawyers may have to get involved. Here are several scenarios in which you may want the advice and representation of a reputable contract lawyer.
If you find yourself in a sticky situation that involves a contract, the best move is to contact a business lawyer to at least get advice about your rights and to determine the next best steps.
Whether you need to draft an employment contract, sign a lease for office space or demand a customer pay you under an existing service agreement, it’s important to understand the contract terms, the relevant law, and your rights. When people enter into a contract, both parties hope the relationship goes smoothly. However, in the event that something goes sideways, knowing the documents you sign are drafted correctly, fair to both parties and enforceable can reduce stress.
If you need a new contract drafted, you have three main options.
A small business plan from LegalShield gives you access to lawyer drafted templates and the ability to consult with a business lawyer anytime you need advice. Also, you can submit business documents (up to 15 pages each) for review and feedback at no additional cost.
When you need to sign a contract on behalf of your business, you want to be confident you understand the terms and what you’re agreeing to. Here are a few areas to pay close attention to:
Rather than stress and guess, it’s best to have a lawyer review the agreement before you sign on the dotted line. This way you’ll be sure you are making the right moves for your business.
If you’d like help, join LegalShield today.
When someone breaches a contract, enforcement and resolution is based on three elements.
Whether you are trying to enforce a service contract with a customer or a landlord is claiming you’ve breached your office lease, it’s best to discuss the circumstances with a lawyer and have them review the agreement before taking action. It’s important that you get legal advice as soon as possible so you don’t inadvertently waive any of your rights or nullify the contract.
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