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The Importance of Having Your Business Contracts Reviewed by an Attorney

business contract.jpgContracts are an essential part of conducting business. In fact, every business, from a small sole proprietorship to a large fortune 500 retailer that operates in all 50 states, enters into contracts whenever a customer buys goods or services. Business contracts can cover nearly every aspect of business and can include employment contracts, nondisclosure agreements (NDAs), buy-sell agreements, and purchase orders, just to name a few.

Contracts are legally binding agreements that establish certain rights and responsibilities for and upon the parties to the agreement. They often contain dense legal language that can be extremely difficult for a person without legal training to comprehend. For this reason, it is extremely important for anyone engaging in any type of business to have their contracts reviewed by an experienced lawyer.

An Attorney Will Ensure That Any Ambiguous Terms Are Clarified

One of the most common causes of significant and costly contract disputes are ambiguous terms. It may come as a surprise to people who are not attorneys, but commonly used words that one would assume are not subject to interpretation can become the focus of protracted litigation that could cost thousands of dollars in legal fees. By having a skilled lawyer review a contract prior to signing it and clarifying any ambiguous terms, business owners can avoid these kinds of issues before they arise.

A Lawyer Can Help Identify Any Issues That May Not Be Addressed

Many contractual disputes arise due to the fact that certain issues that should have been addressed by the agreement were not at the time that it was executed. Common examples of these kinds of omissions include choice of law provisions, dispute resolution procedures, each party's rights in the event of a breach, and clauses compelling arbitration or mediation.

An Attorney Will Negotiate the Most Favorable Terms Possible

The process of forming a business contract often involves a significant amount of negotiation regarding the terms of the agreement. In many cases, these negotiations involve matters regarding the price of goods or services, the duration of an agreement, exclusivity, and the disclosure of information. When you retain a skilled business attorney that is familiar with reviewing business contracts, you can rest assured that the terms of your agreement will be as favorable to your interests as possible. In many cases, an experienced attorney can negotiate a significantly better contract than business owners would be able to negotiate on their own.

Reach Out to Us Today for Help

Business owners in every industry can benefit by having the contracts they enter into reviewed by an experienced attorney. The skilled San Jose business lawyers of Diemer, Whitman & Cardosi, LLP are seasoned professionals who are qualified to provide legal counsel and advice regarding any aspect of business law. To schedule a free consultation with one of our lawyers, call our office today at 408-971-6270.



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