A Well-Drafted Business Contract - An Ounce of Prevention
Your company's relationships - among the principals and investors, employees, clients, vendors and landlords - are defined by contracts. These contracts govern your business relationships. They specify each party's rights and duties. Examples of such contracts include partnership agreements, shareholders' agreements, leases and licenses.
Usually, contractual relationships flow smoothly. You might look at the contract from time to time to confirm your obligations, rights and due dates, but the rest of the contract may seem to include meaningless boilerplate terms. However, if the relationship with your contracting party breaks down and a conflict results, each word in that contract suddenly becomes important. If one party wants to get out of the contract, his or her lawyer will go through each clause, looking for excuses or "back doors." The opposing attorney will look for terms that strengthen the contract, or that entitle his or her client to damages, attorneys fees and other remedies.
It is important to have a competent and experienced attorney involved in the preparation of each contract you sign.
At The Law Office of Lynnette Ariathurai, A Professional Corporation, we practice preventive law. We draft each contract with the assumption that if something can go wrong, it will go wrong. We find that a contract drafted with such a realistic approach actually reduces the likelihood of a dispute arising and not getting what you want out of the deal.
Contact The Law Office of Lynnette Ariathurai, A Professional Corporation today and make an appointment for us to review your standard and special contracts.
We draft or review business contracts, including:
- independent contractor agreements
- service provider agreements
- buy-sell of business or business assets
- commercial leases
- non-disclosures
- shareholders' agreements,
- partnership and joint ventures agreements
- technology licenses
- Web site disclaimers
Have you signed a contract without legal review, or have you drafted one on your own, and now find the deal is falling apart? You need to know what your rights and obligations are. You need to know how to make the best of a bad situation.
Do you have standard contracts for clients and vendors and employees? Are you sure that they were properly drafted to protect you?
Contact The Law Office of Lynnette Ariathurai, A Professional Corporation today and let a lawyer make sure that your contracts are there to protect your business.