A well-written contract can help you save money, avoid disputes, and, much like fences and neighbors, maintain a good relationship with the other party. But an agreement that is poorly written or that doesn’t fit the specific circumstances can create as many problems as it should be preventing.
“This is just a simple deal, and we know (and trust) the other side. We don’t need a written agreement.”
When I hear this from a client, my response is: No one enters into a business relationship–large or small–expecting to encounter problems. One purpose of a contract is to protect you from the unexpected, like insurance. You don’t get into your car expecting to have a wreck, but if you do, your insurance is there to help you deal with it.
If it’s worth doing, it’s worth doing right.
Hiring an attorney to write a legal agreement for you or to review one you’ve been given may seem like an extravagant expense, especially if your budget is limited.
But writing a contract without the help of legal counsel, or relying on a form agreement instead of one tailored to your situation, is like playing poker: You may know how to play, but ultimately, your gamble is based on educated guesses about unknown factors.
A well-written contract removes the gamble from your situation, because it eliminates unknowns to the greatest extent possible. You want to be certain that a contract says everything you need it to (and nothing you don’t) and that it means what you think it means. Otherwise, you risk not getting what you intended, making commitments you didn’t intend, or even breaching the contract without realizing it.
With a committed, collaborative, client-focused advocate on your side
Schedule a free phone consultation with us to:
- Explore your situation
- Discuss your goals and priorities
- Understand the approaches you might take and the legal implications
- Discuss the pros and cons of each
- Help you make the right business decisions for your company
Schedule your free call now!