Drafting Enforceable Business Contracts
The terms of your business contracts will be what protect you in the event of a dispute. However, the contract may not always be enforceable if the matter is litigated in court. Here are some tips for drafting enforceable business contracts.
The first thing is to make sure that the goals of the contract are clear. Each agreement requires consideration. Each party must do something for the other or give up some sort of right. The language of the contract should be clear and definite and should leave no doubt as to key terms.
In that regard, your contract should contain all the key terms of an agreement and not exclude anything. Make sure that you state that the contract represents the entire agreement between the two parties, so there is not any doubt about whether other agreements apply.
Your contract should preferably be in writing. While oral contracts may be enforceable, you do not want to have any ambiguities or risks. There are some contracts that must be in writing to be enforceable.
In addition, the terms should be somewhat balanced. If you overreach and strike a one-sided deal, a court could find that it is unconscionable. At the same time, you must ensure that you are dealing with someone who has the capacity to enter into a contract.
Finally, you should consider hiring an attorney to help you draft the contract. Every word and comma in a contract matters, and an attorney can ensure that everything is correct.
Contact a Boca Raton Business Attorney Today
The attorneys at Rubino Findley, PLLC work with businesses to draft clear and enforceable contracts to make your company run smoother and give you legal protection. Call us today at 561.220.0741 or message us online to discuss your business matter.