Contracts are usually the bedrock of business relationships. They outline the terms of the relationship, what the sides can expect from each other and also provide for possible remedies when trouble arises. Although there are some basic, common principles included in most business contracts, no matter if they are commercial leases, license agreements or operating contracts, each contract should be analyzed carefully for the situation in which they apply.
Why? Well, once your business signs on to a contract, you may be “locked in” to the terms of that contract for a set period of time. Breaking with the contract could be costly and time-consuming. That is why you want to make sure that the terms and conditions are right for your company’s present and future.
Negotiation and drafting
Many business contracts go through multiple drafts, traded back-and-forth between the parties, before a finalized version is ready to sign. That back-and-forth is a crucial part of the negotiation process to determine what terms, exactly, will ultimately be included in the final version. Drafting a contract so that there are no unfair advantages against your business can save you a lot of time and money in the future.
At our law firm, we understand that businesses in California what to secure their present and future. A contract can be an important part of the decision-making process. We do our best to attempt to make sure our clients are well-informed and ready to craft strong, carefully worded contracts. For more information, please visit the business contract overview section of our law firm’s website.