Thorough Contract Drafting & Review Lawyer Serving Wayzata Businesses
In the most basic sense, a contract is an agreement into which two or more parties enter voluntarily and are legally enforceable. They are crucial to operating your business legally and safely. We simply can’t stress enough how vital it is to your long term success to have clear and sound contracts in place as you run your business.
What Types of Contracts Do I Need?
Though each business is unique, every one of them has the need for high-quality contracts. It’s just too risky to trade and sell goods or services with others without some protections in place. Common business contracts we help clients draft and review include, but certainly aren’t limited to:
- Partnership agreements
- Terms of service
- Buy or lease agreements
- Nondisclosure agreements
- Purchase orders
Typically, we advise having a contract in place for any transaction that occurs during your course of operations.
The Danger of Using Online Contracts
There are many contract resources and templates available online, but the average person cannot effectively determine their quality in terms of legal protections. Even if you carefully alter them to be more specific to your business, there’s no telling what might be excluded or downright disadvantageous to you in the event of a breach. You may find out later on that your contract includes a loophole that lets a client skip out on a payment or that a certain employee is exempt from your non-disclosure agreement after it’s too late. If you do decide to draft your own contracts, we can review them for you and spot any liabilities before they occur.
Protecting You & Your Assets
There is perhaps nothing more tragic in business than losing hard-earned profits or ownership of your company as a result of a dispute that ends in legal trouble. We have seen many of our clients forced to endure costly and distressing lawsuits because clear expectations weren’t determined at the outset of a business relationship. Don’t let a misunderstanding or broken promise derail your success — work with Waldron Law Offices, Ltd. to get it all in writing and avoid problems altogether.