Contracts and Negotiations
In an era of template contracts, on-line legal resources and “click to accept,” many business owners see agreements with customers, suppliers, contractors and strategic partners as just another administrative task. Many business owners believe they have no leverage to request changes to contracts. However, nearly all business agreements can and should be negotiated to minimize business risk.
Your eyes glaze over as you read what you can only assume is boilerplate legal language that appears in all contracts. In our experience, it takes only one contract dispute for business owners to learn that this is simply not the case.
Where and how have you agreed to resolve disputes? The courthouse down the street or arbitration in some far-flung city or country? How, if at all, is your liability limited? Have you inadvertently transferred rights in your valuable intellectual property to the other party? Will the terms raise red flags during due diligence? If you sell your business, is the agreement you signed assignable to the buyer?
These are just a few of the issues that we will take into consideration when we review an agreement for you – enabling you to make the best decisions for your business.
Business Issues Solved:
- Minimize risk associated with signing agreements with customers, suppliers, contractors and strategic partners
- Strengthen your template agreements
- Avoid and reduce disruption caused by disputes
- Protect your intellectual property rights
- Prepare for due diligence
