Are you looking for ways to increase revenue? Look first to your contracts to improve business profitability. The quality and craftsmanship of your contracts will establish not only the likelihood of future success, but profit.
San Diego business owners often under estimate the value of the business contracts they employ throughout their operations and with their customers and suppliers. 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 internal contracts to improve business profitability such as operating agreements, shareholders agreements and employment agreements.
These provide protection for your company, and reduce the likelihood of dispute or business litigation.
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 decades of experience helping San Diego businesses to maximize the effectiveness of their contracts, and the resulting profitable impact on their company’s bottom line.
We invite you to contact us or call for a free and thorough initial conversation about your company’s contracts at 858-535-1511.