Did you realize that improved business contracts increase profitability for your San Diego and Southern California business? Are you looking for ways to increase revenue? The quality and craftsmanship of your contracts will establish not only the likelihood of future success, but help to lock in profit.
The Value of Strong Business Contracts
San Diego business owners often under estimate the value of strong business contracts, especially at the outset of operations. However, contracts are the very core of business. The effectiveness of a business contract ensures a much greater likelihood of success for the issue at hand.
For example, negotiating a more effective agreement with suppliers may allow you to increase the amount of time between the receipt of the goods or services they provide, and the time frame when payment becomes due. Effective sales agreements with your customers ensures that each party knows when a transaction is “completed”, when all goods and related services have been delivered, and therefore when payment is to be (immediately) remitted.
Use strong improved business contracts to increase profitability internally such as carefully crafted operating agreements, shareholders agreements and employment agreements. These provide internal protection for your company, and reduce the likelihood of dispute or business litigation. Consider the contracts you have deployed throughout your operations. You have contracts with your customers and suppliers as well. Licensing and distribution contracts help your company to reach new geographic and vertical markets.
Improved Business Contract Increase Profitability
Many businesses simply download a boilerplate contract from a forms website, or take a contract from a previous business experience and attempt to modify it for the current application. California is one of the most challenging environments in which to conduct business. The laws, regulations and unique enforcement require businesses and employers to conduct business in a highly regulated and litigious environment.
The Watkins Firm has more than 40 years of experience serving the business, real estate and medical/healthcare business communities in San Diego and Southern California. We maintain a proprietary library of custom contracts that have been proven and battle-tested. We save our clients money by using a proven contract and simply tailoring it to meet the unique requirements of our client’s business.
Carefully and expertly constructed business contracts ensure that your company is placed in a strong position to receive the “benefit of the bargain” while reducing contingent liability to the greatest extent possible. Your contracts are the first step to establishing the type of working environment for your employees that fosters the highest degree of productivity possible while ensuring a positive and creative culture.
Use contracts to improve business profitability by extending your products and services into new markets through leveraging your intellectual property as well as licensing and distribution strategies.
The experienced contract attorneys at the Watkins Firm have more than four decades of experience helping San Diego and Southern California businesses to maximize the effectiveness of their contracts, and the resulting profitable impact on their company’s bottom line.
We invite you to review our podcast Episode 15 – Contract Law as well as the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.
