Benefits of Hiring a Florida Attorney to Review Your Business Contracts
If you own a business, you will undoubtedly have countless contracts drafted or presented to you for signature. Especially if you are a small business owner, it’s important to consider using an experienced West Palm Beach business attorney to draft and review your business contracts before they potentially become legally binding.
At the Law Offices of Larry E. Bray, P.A., we provide guidance to South Florida businesses of varying sizes. Business owners, directors, managers, and other executives may find that the contracts they are preparing to sign or renew have language that is too ambiguous or defective. In the event the language is not changed, you may be committing your business to be in a disadvantaged position, or putting your company at risk.
Types of Contracts that You Should Have Reviewed
As a business owner, you should have complete confidence in the contracts you have that bind you to other obligations and trade partners. Having a West Palm Beach business law attorney review your contracts is more affordable than you might assume. You don’t need to have in-house counsel or be a large corporation to benefit from having your business contracts reviewed by a licensed Florida attorney. At the Law Offices of Larry E. Bray, P.A., we routinely review contracts like:
- Real estate contracts for purchases or leases
- Employment contracts
- Sale and purchase agreements
- Letters of intent
- Commercial leases
- Articles of incorporation
- Franchise agreements
- Noncompete agreements
- Nondisclosure agreements
Consequences of Defective or Flawed Contracts
To avoid finding yourself in the middle of legal issues, you should have all of your existing contracts reviewed, and you should not sign a new one without legal review. Some potential consequences of a flawed contract may include:
- Interruptions to cash flow
- The agreement is unenforceable
- Production stops because there is a breach in other contracts
- Future disputes because the contract language is vague
- You erroneously commit to unfavorable contract terms that may make it difficult for your business to keep going
If you are being sued over a contract issue, you’ve obviously waited too long to hire an attorney. The time to meet with someone is before the contract is signed. Retaining an attorney doesn’t mean he or she needs to be there multiple times, or that they need to be there when the physical signatures are done. It is just imperative to have someone review the terms and clauses included in the agreement.
Once you are sued, it’s not a matter of whether or not you will be spending on legal fees, it’s now a matter of how much you will be spending because you have to defend your business and financial investment. Having a contract lawyer look over agreements from the start will cost you a fraction of what it will cost having an attorney defend you in a lawsuit.
Contact a Florida Business Attorney Today
If you have one or more business contracts that you need assistance with, contact the Law Offices of Larry E. Bray, P.A. today to schedule an initial consultation. Let us look over your agreements and help protect you and your Florida business.