Five Contract Drafting Tips

FIVE CONTRACT DRAFTING TIPS

Business Transactions and Corporate Lawyer

It is important to enlist a licensed attorney to assist in the actual drafting and negotiations, but there are a few tips you can do as a business owner to assist in the contract drafting.

1. WRITING – whether a contract is supposed to be in writing by state law, it is always prudent to get all of your negotiations on paper. If there is ever an issue with the contract, it will be easier to defend your case if there are written terms rather than verbal allegations.

2. PARTIES – make sure to include all of the proper parties and their full legal names (retain a copy of their government issued ID, such as a driver’s license,  to ensure you have their name correct).

3. OUT CLAUSE - always have an out clause that depicts what will happen when the contract no longer works in your favor. Its always better to negotiate this when the parties to a contract are on good terms.

4. DISPUTE RESOLUTION – you should also negotiate how to resolve disputes when you are on good terms with the other party to your contract.

5. SIMPLICITY – legalese terminology makes a contract look lawyerly – but contracts don’t have to be complicated to be effective.

Learn more about our Corporate and Busines Law Legal Services by clicking on the following link:

Contact our law firm to obtain a Complimentary Preliminary Consultation on how we can assist you with your Estate Planning, Probate, Legal, Business Law, Real Estate and/or Tax Planning needs.

Info@HowardSchwartzPA.com | (561) 997 0000

This website has been developed to be a useful and informative tool for clients and prospective clients. It is possible that information contained herein may change from time to time and while accurate at the date of publication, may not be accurate as at the time you access this website. We provide no warranty or take any responsibility (or liability) for any loss or damage (either direct or consequential) that may be suffered due to reliance on the information published on this website. © 2015