Contract Review and Drafting

Contract Review & Drafting

Making agreements & sealing deals

Contract Review

As a small business owner, you are inevitably going to encounter contracts on a daily basis. The biggest piece of advice I can give you is make sure you know what you are signing before you sign it. Make sure you understand the terms of the contract and what the risks are. Too often, business owners simply sign agreements without truly understanding what they are signing. For a very reasonable flat-fee, I can review your contracts for you and explain to you and make sure you understand all of the provisions – in English. I do not speak “legalese” – at least not to my clients, so after meeting with me to review a contract, you will walk away confident that you know what all of the provisions mean. What good is explaining a contract to a client, if he or she doesn’t understand you?

Should You Hire a Lawyer to Draft a Contract?

I get it. You can find a lot of contracts on the internet. You can also get a lot of medical advice on the internet. Have a unusual pain in your chest? Google “chest pain” and you’ll get medical advice saying you have anything from gas pain, heartburn, to cancer, or a heart attack facing imminent death. Getting contracts (and legal advice in general) on the internet is a lot like getting medical advice on the internet. Perhaps the advice is good, perhaps the advice is bad. One thing is for sure, when the advice is bad, it is usually too late when you finally come to this realization. Granted, using a contract you found off the internet wont kill you, but it will likely cost you more money down the road when a dispute arises and you need to rely on what is written in the contract, and you will end up paying significantly more than you would have otherwise paid to have a small business lawyer help you in the first place.

When I draft contracts for you and your business, our relationship does not end when I provide you the contract. I’ll make sure that you understand the contract and what everything in it means – in plain English. If a customer of yours or a supplier asks you a question about the contract you provide them with, I will make sure you know the answers and how to respond to that customer or supplier. If you pull a contract off of the internet, are you really going to understand all of the provisions and be able to speak intelligently about them to your customers? I suppose you could tell your customer that you don’t know what a certain provision means and that you pulled the contract off of the internet, but what type of confidence does that instill in your customer about the seriousness of your business? I will also continue to work with you well into the future to make sure that any contracts I draft for you are up to date and change as your business changes and grows. Businesses and laws changes all the time, and if you use outdated contracts, you risk getting yourself and your business involved in potentially costly and time-consuming litigation. Every contract that I draft includes a no charge one year review to make sure it is up to date, so you can be confident that as contracts will grow along with your business.

My Last Thoughts on Contracts for Small Businesses

Many new business owners take a care-free attitude towards contracts, thinking that they are just some necessary step towards starting and operating a business and that the contact will sit on a shelf and no one will ever look at it after it is signed. In the best case scenario, that is true. However, as any business owner knows, you cannot always count on the best case scenario. Inevitably, things can and will go wrong and disputes will arise. It is when things go wrong or a dispute arises, that you will need to pull the contract off the shelf, dust if off and rely on it to protect you. Unfortunately, this is where many business owners get burned. They thought they would save money by pulling a contract off the internet or purchasing a form from a company like LegalZoom, and now they are forced to spend significantly more money (and time!!) to resolve the dispute then it would have otherwise cost to have a small business lawyer review or draft the contract in the first place.

Don’t make this same mistake! Contact me at anytime to discuss how I can partner with you to make your business as successful as possible.

Get In Touch

If you are interested in working with us or learning more about us, give us a call at 215-914-6880 or send us an email.

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