No matter what type of business you run, you are bound to enter into multiple contracts throughout the years. A contract is a legal document that includes a list of promises between parties. If one party breaks the terms of a contract, they could be sued.
Although there are many templates you can find online to draft a contract, you may want to refrain from using them. They might save you money in the beginning, but cost you more in the future if they are poorly written. Here are a few reasons to hire a business lawyer to draft a contract from our friends at Brown Kiely, LLP.
Thoroughly Explain the Contract
Contracts are often multiple pages long and contain legal jargon that the average person might not understand. If you do not understand something, you may sign something that does not reflect the best interests of your business. This is one good reason to have a business lawyer on your side. A lawyer can help you understand all the terms of the contract in simpler language.
Make Sure the Contract Is Enforceable in Court
In order for your court contract to be considered valid, it must contain certain elements. If you rely on DIY software and leave a key element out, your contract will not be enforceable in court. A business lawyer can review that contract and make sure that it’s valid.
Make Helpful Recommendations
After a business lawyer reviews your contract, he or she might make suggestions on how to improve the legal document. Your lawyer has reviewed many other contracts in the past and knows what to look for. He or she might inform you of loopholes you may not have noticed or give suggestions on how to improve terms with your partners.
Ensure State Laws Are Taken Into Account
One of the biggest issues with online software for contracts is that they don’t usually consider state laws. If your contract does not follow the specific laws in your state, it might not be enforceable in court. That is why it is important to have an experienced business lawyer draft your contract. He or she will know the laws in your state and make sure that your contract takes them into account.
If you need help drafting a contract, contact an experienced business lawyer in Washington, DC, as soon as possible.
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