Businesses are only as successful as the contracts that bind their operations. While many business owners consider drafting contracts and negotiating them to be tedious, smart business owners know it’s important to pay attention to every detail. Each and every word matters and will influence the contract’s interpretation and legality. Both parties involved in a contract need to be satisfied with the final negotiation, so a contract that is thorough and whose terms deal with important contingencies is essential. That’s why a knowledgeable business attorney with experience drafting contracts and negotiating their terms is so important to your company’s ability to thrive.
A typical business contract is generated when one party offers to provide another party with a service or product for something of value in return, and the party receiving the offer accepts it. Contracts often include the following:
A contract is only valid when there is an exchange of something of value. Your attorney can help ensure that exchange is properly valued so that whether you are making an offer or accepting it, your interests are protected.
The best contracts are those that can anticipate problems before they happen and protect your company’s ability to operate. A skilled attorney will take into account these important considerations when drafting a sound business contract:
But even the most carefully crafted agreements can’t always satisfy all parties. It’s important to keep in mind that the other party could make a counter-offer to a contract prior to completion. The party could also revoke the offer at any time before acceptance. An attorney who is a skilled negotiator can help parties reach agreement without delays and disputes. But when disputes do arise, a lawyer who is skilled in negotiation and litigation can represent your interests in a settlement agreement or in court.
Frank Charles Miranda, P.A. represents clients in contract matters and provides civil litigation services for disputes. Please give our Tampa office a call at 813-254-2637 or contact us online to schedule a consultation today.