One of the most important reasons to consider hiring a commercial attorney is to handle contracts. Contracts serve as the most basic foundation for essentially every type of business dealing. It’s important to understand how a contract law attorney can help.
Drafting the Contract
The contract is the single most important aspect of your business affairs. A contract defines each relationship you make with another business person or institution. It commands both parties to fulfill their individual obligations or face repercussions if breached. While a good contract can support your objectives, a poorly drafted contract can cause more problems than it solves.
(Buying or selling a home? Real Estate contracts are exhaustive. Be sure you have full understanding of your real estate transactions.)
Common language errors may hinder the clear definition of your proposal. There could be major loopholes in your contract that would grant the second party the ability to break certain terms with no repercussions. Contract law attorneys are educated to understand the complexities of contracts and can work with you to create one that is clearly defined to protect your best interests.
Pursuing Legal Action
Because lawsuits and litigation are expensive, it is often most cost-effective for the party of a breached contract to negotiate and reach a settlement agreement before filing suit.
Contract lawyers are generally more successful at handling breach of contracts. The specific role an attorney plays depends on your role in the dispute. If you are the plaintiff, the objective is to forcibly assert and prove that a breach of contract took place. In order to prove a breach has been made, you need to conduct very careful review of the contract. An experienced contract attorney understands contracts and the law governing contracts.
If you are the defendant, the lawyer’s role is to mount a vigorous defense and refute claims made by the plaintiff that a breach occurred.
Often-times very creative arguments will be made in court over very detailed points in a contract. A good lawyer will be prepared to face these arguments head-on.
The contract law attorneys of Wolfe, Jones, Wolfe, Hancock, Daniel & South, LLC, have a thorough experience in contract litigation, from state law to international contract enforcement. Learn more on our business attorneys can assist you.