Do Business Contracts Need Attorney Review?
Many businesses try to save money by avoiding having an attorney review their business contracts. They believe it is not worth the time, money, and effort to have a business contract lawyer review these documents. This is especially the case when a business does not have an existing relationship with a law firm and it is why Fremstad Law encourages all business to work with a lawyer they know and trust before issues arise.
Failing to have an attorney review even the most routine business contracts can cost substantial sums of money in the long run. Poorly drafted contracts and contracts that do not mean what the business owners think they do creates significant legal exposure and financial risk for the business. Having an attorney review your business contracts can save time and money and reduce risk in both the short term and the long term.
Whether it’s vendor contracts, sales contracts, employment agreements, or property agreements, you should always have a qualified business attorney review your small business contracts and explain your rights, obligations, and remedies.
With a focus on helping businesses and their owners, the business lawyers at Fremstad Law stand ready to serve you and move you forward. We build strong and lasting relationships with our business clients and love to dig deep to truly understand what they do. We will help you make the right legal decisions for your business, and also the best business decisions.
Contracts Are the Foundation of Your Business Relationships
Contracts are the foundation of almost all business relationships. These important legal documents bind businesses and their owners to the promises they make. Without business contracts, running a business would be almost impossible. Because contracts are so critically important to the success of any business, it is crucial that you have your business contracts reviewed by an experienced lawyer.
A skilled and experienced business lawyer will help you understand the nature of the contract and provide you with professional advice to ensure that the contract is both enforceable and advantageous to your business.
While there is no legal requirement that you have your business contracts reviewed by an attorney, it is certainly in your best interests to do so. There are several ways that a business lawyer can help by reviewing your small business contracts.
How Can a Business Contract Lawyer Help?
Business contracts are too often long, complex documents filled with legal terms and industry-specific jargon. As a result, they can be difficult to understand. And some terms mean one thing in one context, but might mean something slightly different in a legal document. Having your business contract reviewed by a lawyer will allow you to better understand your rights and obligations under the agreement. In most cases our business attorneys will already be familiar with many of the concepts and issues and can often quickly and efficiently drill down and focus on the issues that really matter.
Our business lawyers will also review the business contract to identify any potential red flags and propose edits to the contract based on the issues we have identified. We will review our proposed changes with you to ensure you understand and agree and that the suggested edits fit with your goals for the document.
We can also help you negotiate with the other party or parties to the agreement. When you suggest modifications to the proposed agreement, the other parties might not agree. Our business lawyers will submit the proposed revisions and negotiate further revisions while protecting your rights and legal interests and helping move your business forward.
Many contract negotiations involve significant back-and-forth between the parties and negotiation of numerous terms before the agreement is finalized. Having an attorney on your side will ensure that you are protected and can streamline these negotiations so the contract is completed in an efficient manner.
What Types of Contract Can a Business Lawyer Review?
At Fremstad Law, our business lawyers are available to review any contract. We frequently assist clients by reviewing and helping to negotiate:
- Leases, subleases, property management and other property agreements
- Real estate purchase and sale agreements
- Deeds, easements, covenants, use, and other agreements
- Employment agreements
- Termination agreements
- General business contracts
- Corporation, LLC, partnership organizational and operating agreements
- Sales contracts
- Vendor contracts
- Non-compete and non-solicitation agreements
- Agreements with independent contractors
- Merger and acquisitions contracts
- Buy-sell agreements
- Franchise agreements
- Shareholder agreements
- Warranties and limited warranties
- Contractor, subcontractor, and independent contractor agreements
- Master service agreements
- Estimates and bidding documents
- Website terms and conditions and privacy policies
- Terms and conditions
- Licensing and distribution
Fremstad Law Moves You Forward
The lawyers at Fremstad Law can create a new contract, review an existing contract, explain the terms of a contract to you, suggest changes to a contract, and provide guidance if you think someone has broken the terms of a contract or if you want to get out of the agreement. We will ensure that your contract is legally binding, admissible in court, and free of loopholes.
Our team of lawyers stands ready to help with all of your business-related needs. To learn more about our services and how we can help, contact Joel Fremstad today to schedule a confidential consultation to discuss your legal needs.