Did you know that contracts are the primary difference between success and a dispute in business? Show us a business contract and we can tell you the likelihood of the success of the transaction or relationship it governs.
Contracts Are the Foundation of Business
Contracts are at the core of any San Diego business, and I can tell a lot about a business and its likelihood of present and future success simply by reviewing their contracts and employment policies. After more than four decades of serving as a San Diego business attorney I can tell you that one of the biggest differences between business success and failures is the quality of a company’s contracts.
Most expensive business litigation and business-to-business disputes arise out of a consistent pattern: the owner(s) trying to bootstrap their company and doing everything possible to hold down expenses by doing things themselves, only to have things erupt later that cause huge liabilities, or worse, threaten the very existence of the business they have poured themselves into. My family has owned their own businesses for generations now, and I clearly understand the financial challenges of growing a business and making payroll. But legal advice and contract construction is not the place to cut corners.
What is the Essence of a Strong Business Contract
The essence of a strong business contract is, in effect, a detailed roadmap. The contract guides the parties through a transaction from start to finish. What is the benefit of the bargain for each party? What are the terms and timelines associated with the agreement? A clear and well-crafted contract anticipates anything that might come up and provides answers on how to get to a completed transaction.
The primary difference between success and a dispute is the clarity of the contract. Details matter. What is likely to go wrong and how will we address it? What is expected and when? What issues of quality, service, responsiveness and pricing are essential to the agreement at hand?
The Watkins Firm has developed a proprietary library of battle-tested business contracts for virtually every potential application. We don’t create contracts from scratch. This is too expensive and time-consuming. We take a proven contract and custom tailor it to the needs of our clients quickly and in a cost-efficient manner.
Your Company’s Contracts are The Primary Difference Between Success and Dispute
At the Watkins Firm our goal is to help you efficiently and cost-effectively structure business transactions, relationships, and agreements that provide the greatest opportunity for a successful outcome, while minimizing the risk or potential for a dispute. We understand the impact of a breach of contract upon your company. We understand that business litigation can be one of the most expensive alternatives to resolving a dispute. This is why we have developed a unique approach to resolving business dispute which accomplishes our client’s goals and objectives is a timely and cost-effective manner.
Establishing the likelihood of business success or disputes in San Diego depends a lot upon your business contract attorneys. The primary difference between success and a dispute is found in the contract that governs the transaction or relationship. Successful business relationships and transactions begin with a proven, battle-tested contract. You can’t obviously anticipate everything that can or will go wrong, but you can absolutely chart the way through any potential dispute.
It is often important to find a way through while preserving important relationships, and yet holding people accountable to the agreements they’ve made with you. It starts with a free consultation at 858-535-1511, where we will thoroughly discuss the project or issue at hand, identify a strategy and provide a budget before you incur fees. It’s a sound business relationship between our firm and your company. A relationship that protects your business and makes you money.
We invite you to review our podcast Episode 15 – Contract Law as well as the strong recommendations of our clients and contact the shareholders’ rights attorneys at the Watkins Firm or call 858-535-1511 for a free consultation. Learn more about our proprietary library of proven, battle-tested contracts and how the Watkins Firm can help to increase the level of success in your business transactions and relationships.
