Having an attorney draft and negotiate business agreements is critical for any business’ success. Business attorneys work with business owners to ensure they have all the necessary contracts and agreements in place. Business agreements should be in writing to ensure the contract is enforceable. Contracts should be simple and to the point, but should identify clearly the obligations of each party involved including responsibilities within the company and payment responsibilities. Also included in business agreements should be the length of the contract and termination details, how any business disputes will be handled, and a confidentiality clause.
Contracts are used with banks, utility companies, employees, contracts, landlords, vendors, and customers and clients. In order for a contract to be enforceable it must serve a purpose, each party must have to add value to the other party, both parties must be capable to enter into the contract, have mutual assent, and there must be an offer, and acceptance from both parties.
Examples of the types of business agreements business attorneys draft are:
- Loan agreements;
- Non-competition and confidentiality agreements;
- Buy-sell agreements;
- Security agreements;
- Master service agreements;
- Sale leaseback transactions;
- Business operating agreements;
- Partnership and limited liability company agreements;
- Employment contracts;
- Shareholder and equity owner agreements;
- Stock option and incentive compensation plans;
- Licensing agreements; and
- Other business contracts.
Business attorneys are useful in providing business contracts to businesses and/or business owners in the following industries:
- Health Care & Medical
- Banking and Finance
- Food and Beverage
- Real Estate