Why You Should Have Contracts Reviewed by a Business Lawyer
Every business relies on contracts. Employees, vendors, partners, stakeholders, and other relationships are governed by business contracts. However, not fully understanding the agreements you sign is a grave error that can cost you money, expose you to unnecessary risks, and more. Every contract has the potential for harm and good – but do you know how to spot red flags and negotiate the best possible terms? The Crone Law Firm explains why should have contracts reviewed by a Business Lawyer.
Contracts Are Foundational to Your Business’ Success
Contracts are important legal documents that connect your business to other entities and ensure that all parties keep their promises. With your company’s welfare and success at stake, why would you gamble everything by signing a document you don’t fully understand? Business owners must completely understand the nature of any contract and how it impacts your company.
Legal language and obscure or confusing provisions can wreak havoc with your business interests. State and federal laws have complex requirements and are always changing. Some employment law changes on the horizon could require vital changes to existing and new contracts. Some provisions could inadvertently put you at risk for lawsuits or violations.
No contract is too unimportant to warrant review by an experienced business attorney. Partnership agreements, employment agreements, severance agreements, vendor contracts, property agreements, sales contracts, and more should always be closely examined by an attorney. An experienced business lawyer can explain your potential obligations, rights, benefits, and any possible loopholes or problems, saving you countless heartache and costs down the road.
How an Experienced Business Lawyer Can Help
Legal language varies across different industries. Business documents and contracts typically employ industry-specific language and jargon that is difficult to understand. Even common terms can mean one thing in certain contexts but something totally different in a legal document. Even your knowledge of your particular business and industry may not adequately prepare you to understand complex business contracts.
- Sole Proprietorships
- LLCs
- S Corps
- C Corps
- Nonprofits
- Startups
A Business Lawyer from The Crone Law Firm can sift through any contract and drill down on the vital issues that could potentially harm your business. We can point out any red flags and recommend changes to protect your company’s best interests.
Negotiations over contracts are always best handled by an experienced business attorney. Other parties will also be vying for the best language in a contract to protect their interests. We can represent you in these critical meetings and work to make the changes you require, as well as advise when negotiations are successful or should be abandoned. Our goal is to always protect your rights and legal interests and help your business become even more successful.
Contracts a Business Lawyer Should Review
The Crone Law Firm Business Attorneys can review all sorts of contracts for your company. Consult with us when you need to create or negotiate:
- Buy/Sell Agreements
- Employee Contracts
- Independent Contractors
- Equity Compensation
- Equipment Financing and Leasing
- Protecting Intellectual Property
- Business Loans
- Business Bankruptcy
- Severance Agreements
- Non-Disclosure and Confidentiality Agreements
- More…
Avoiding contract reviews is not the place for your business to try and save money. An attorney you know and trust can save you far more than a review costs by reducing your risks and identifying serious pitfalls in contracts, while helping you negotiate the most favorable terms and abide by various laws.
Partner with an Experienced Business Lawyer
The Crone Law Firm partners with business owners across Tennessee, Arkansas, Missouri, Illinois, Kansas, and the Southeast to help them handle critical legal matters like reviewing contracts. We know business law inside and out and can help you construct airtight contracts that protect your company and help promote its success. With seasoned contract reviews, we can help you make sound business decisions and abide by the law while maximizing your potential profitability. Contact The Crone Law Firm in Memphis, St. Louis, or Chicago today to learn more.