BUSINESS CONTRACTS LAWYER PHILADELPHIA
Businesses of every size utilize contracts to ensure smooth operations. The success of a business can depend on many factors, and the Law Offices of Greg Prosmushkin, P.C., provides contract drafting and contract review services to help our clients’ businesses thrive.
Contract review is an important step in the transaction process for businesses of all sizes. A contract’s terms should be fairly negotiated and understood by all parties, properly incorporated within the document, drafted clearly, and meticulously reviewed to ensure that the contract accurately reflects the contracting parties’ intentions.
Upon drafting or reviewing a contract, we will make certain that our client fully understands the contract’s terms and their responsibilities outlined therein. A contract flooded with legal jargon may be the norm for large enterprises, but most small businesses and partnerships neither need nor desire such convoluted language. Clearly defining the terms and duties of the parties should be the principal objective of contract review.
TYPES OF CONTRACTS
We can prepare a variety of contracts for our clients or lend our experience in reviewing a contract they have prepared in advance. Some common contracts with which we can assist include:
- Purchase order
- Agreement for the sale of goods
- Commercial lease
- Employment agreements
- Independent contractor contracts
- Confidentiality agreements
A Lawyer’s Roles and Responsibilities With Respect to Contracts
You should not wait for a legal hassle to knock on your door before you build a relationship with a trusted lawyer. It is better that you have already identified an experienced attorney whom you can immediately call whenever a situation arises. Whether you face a small business question or need help solving a complex legal issue, a reputable lawyer can take appropriate steps to assist you. They can guide you through every step by providing the information that you need. Building a relationship with a lawyer can help you avoid legal trouble, allowing you to concentrate on growth without any hindrance.
- Clear understanding of business contracts: A contract should not rely on assumptions. We have seen that many contractual disputes arise because of parties’ misunderstandings or confusion about the clauses. The same thing can happen to you if you try to handle a contract without any help from a lawyer. A lawyer can help you clearly understand each clause and verify whether the contract properly protects your interests.
- Identifying and resolving liability issues: While parties are drafting a contract, some spaces may remain blank and require the parties to fill them in. This often leads to a lack of clarity and other liability issues. Without proper guidance, a contract can become incomprehensible and unenforceable if it is poorly written. A legal professional can help you to prepare a contract that best suits your needs, using language that ensures the agreement will be enforceable. They can also help you identify and fix poorly written contracts to make sure the agreements protect your interests.
- Contract validity: Drafting a clear agreement that seems to protect your interests is not enough when it comes to the law of contracts. While you may have spent an extensive amount of time preparing a draft contract, it will be of no use if the contract is not legally enforceable. A contract lawyer can help to review your contract and ensuring that the agreement set forth is legally enforceable and valid.
- Knowledge of changes in the law: In many cases, some business owners rely old contracts to develop new ones. However, the law regularly changes, and the terms in an older contract may not be enforceable in an agreement drafted today. A contract lawyer stays updated about new laws and regulations in the area and can help ensure your contract is up-to-date.
- Assistance in the event of a breach: If you face any kind of contract breach, a contract lawyer can help you seek recourse against the breaching party. A lawyer will have many tools that will help you reach an effective solution in the situation.
There are many other ways in which a lawyer can help. If you are struggling with contracts and need more reliability or clarity, hire a lawyer without delay.
WHEN YOU SHOULD HIRE BUSINESS CONTRACT LAWYERS IN PHILADELPHIA?
A lawyer can save you from legal hassles stemming from poorly written contracts. While you may not need a full-time lawyer on your business’s payroll, it can be valuable to hire a legal professional for the contracts that you sign.
Another situation in which it is particularly important to enlist a lawyer’s services is if you choose to use boilerplate contracts. When you use a generic template for a contract, you usually will need to adapt the contract based on your local or state laws. To ensure the boilerplate language is updated to meet your needs, you can seek assistance from an experienced legal professional to make sure that the contract properly protects your interests.
Your attorney can help you with handling many types of contract issues, including:
- Real estate litigation
- Breach of contract
- Partnership or shareholder disputes
- Conflicts with intellectual property
- Alternative dispute resolution/mediation
WHEN AND HOW CAN A LAWYER HELP YOU?
There are many ways in which a Philadelphia business contract lawyer can help your business thrive.
A business revolves around agreements and contracts with vendors and clients. Contract breaches, unexpected obligations, and other complicated legal situations may arise if you do not properly prepare. These issues could lead you toward business collapse or bankruptcy, but a Philadelphia business contract lawyer can help position you to succeed.
If you are running a business, a trusted legal professional can be an invaluable asset. Your lawyer can help you in many ways and guide you on how to make wise business decisions.
WHY DO YOU NEED A business contract LAWYER?
Contract negotiations can be a difficult process. With the assistance of a lawyer, you can mitigate these stresses by having professionally prepared drafts or thoroughly reviewed existing contracts. Retaining an attorney can help to ensure that your interests are protected. Contact us today.