Drafting – Reviewing – Negotiating Business Contracts
Drafting – Reviewing – Negotiating Business Contracts
A contract is a legally enforceable agreement between two or more parties that creates an obligation to do or not do certain things. A “party” can mean an individual person, business, or other legal entity. All contracts have certain essential elements which must be present. Parties entering into a contract must be competent. This means that a mentally disabled person could not enter into a contract. A minor may enter into a contract but the contract may only be enforced by the minor, not the other party to the contract. There must also be mutual agreement by all the parties. In other words, all parties to a contract have a meeting of the minds on a specific subject. Each party either promises to perform an act or refrain from performing an act.
Entering into a contract with another party is a serious task and should only be entered into after giving real thought about the relationship you want. Almost every business will have the need for some type of contract at one time or another while many businesses engage in numerous contracts on a regular basis. Businesses often fall into the trap of entering into agreements haphazardly or with complete trust of the other party, which results in needless disputes and costly litigation at a later stage. Every contract that your business enters into should be carefully drafted to make sure all of your business rights are protected and that the contract benefits your business and does not create any unnecessary burdens, costs, or liability.
Many business owners, however, may be unfamiliar with contract law principles and may therefore look to the Internet for samples of contracts. However, such sample contracts with boilerplate terms rarely cover all of the bases that may be necessary to fully protect your rights in the contract. Instead, you should always seek the assistance of a business contract attorney to carefully draft a contract that is specifically tailored to your specific needs and best interests. A good contract needs to reflect and record accurately the joint intentions and visions of both parties; there is a point at the outset of any contractual relationship where there is a clear consensus between the parties as to what those intentions and visions actually are.
The business contracts should protect your own business interests first and to do so you can trust qualified attorneys at Choudhry & Franzoni, PLLC. We are here to protect your rights in drafting a meaningful contract. Call Us Now: 212 – LAW – 8000
As your business law firm, we aim to successfully resolve both your current and future contractual needs. We can give guidance regarding every facet of your operation and handle the drafting and review of any contracts that are needed. Before you enter into these agreements, we will make sure your interests are protected and terms are appropriate, advising you accordingly. Our primary concern is to provide sound advice and skilled counsel to our clients, protecting their best interests at all times.
Due to the upfront cost, some business owners are reluctant to retain an attorney to draft or review a business contract. However, working with a contract lawyer can actually be one of the most practical ways to avoid costly litigation and other financial setbacks down the road. We make sure that a qualified attorney reviews the contract on behalf of clients before the contract is signed to ensure that the client’s interests are adequately protected. Our in-depth knowledge of contract law and business law enables us to properly identify any vital items that are missing from an agreement or wording that must be revised. Our qualified corporate attorneys can ensure your company’s best interests are represented in the contract that outlines the rights and obligations of both parties. Our team of professionals handle all your contract matters, including carefully drafting and reviewing all types of business contracts.
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The business contracts should protect your own business interests first and to do so you can trust qualified attorneys at Choudhry & Franzoni, PLLC. We are here to protect your rights in drafting, reviewing and negotiating a meaningful contract. Call Us Now: 212 – LAW – 8000
At Choudhry & Franzoni Law Firm we know just how imperative it is that clients understand not only the express rights and obligations presented by an agreement, but also how that agreement should be properly drafted, and the rules by which it will be interpreted should a disagreement arise. At our firm, “An ounce of prevention is worth a pound of cure,” and we strongly encourage all clients to seek review, counseling, and professional draftsmanship of any important or legally operative agreement. The crafting of a strong and secure agreement not only makes one’s position defensible in the event of a dispute, but it in itself lessens the likelihood of a dispute at all.
