Did you know the contract determines the outcome of any business transaction in most cases? As a San Diego business attorney with more than 40 years of experience, if you hand me a business contract I can tell you the odds the contract it governs will be successful. The quality of your business contracts can determine the success of a transaction or business relationship. A well drafted business contract is like a road map – it guides each party through a business transaction, anticipates bumps in the road and provides a path to resolution for any challenge that might arise. The business contract should clearly establish the rights and responsibilities of each party, the consideration given in exchange for goods or services and the time frame for completion of the transaction. What happens when one of the parties fails to fulfill their part of the agreement?
Downloading Form Contracts or Using Forms from a Previous Situation
Why is it that the contract determines the outcome of any business transaction or relationship? When business contracts are poorly drafted, or simply downloaded and changed by one of the parties in an attempt to save time and money, then a Court will have to fill in the missing blanks. One of the most expensive components of any dispute is the costs associated with trying a case. It is important to know the party who creates the contract has a distinct disadvantage in any subsequent dispute. Downloading forms is one of the riskiest actions a business person can take. Many business contracts are incomplete or the terms of the agreement are unclear.
When a dispute arises the parties find themselves involved in time consuming and expensive business litigation to resolve questions about the original intent of the agreement, as well as the damages associated with the failure to comply with the terms of the agreement. If you are the one who downloaded and edited the contract, you will lose on any issue where the agreement is unclear or fails to properly and fully address the issue(s) at hand.
The Contract Determines the Outcome of Any Business Transaction or Relationship
The attorneys at the Watkins Firm understand the contract determines the outcome of any business transaction or business relationship. Our attorneys have decades of experience drafting strong business contracts which anticipate issues and clearly define the role of each party and the nature of the agreement, while providing clear time frame and compensation terms.
We don’t create contracts from scratch. That would be far too costly and exposes our clients to too many risks. We start with proven templates and a library of thousands of up-to-date options for any transaction or business relationship. Next, our business contract attorneys carefully tailor a contract to reflect the unique nature of your situation.
Our work is designed to prevent business litigation from ever arising, and to provide a sound framework or road map to guide the transaction to a successful conclusion. If you are considering a substantial business transaction, or are involved in a contract related dispute we invite you to review the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.
