Risks of Not Hiring a Business Contract Lawyer in Florida

Risks of Not Hiring a Business Contract Lawyer in Florida

Should I hire a business contract lawyer? If you’re asking yourself the question, the chances are, the answer is a resounding yes. But in today’s post, we’re going to go into detail about what this lawyer does, how they help, and the risks you face if you don’t hire one. We’ll also let you know who to call for legal help with business contracts in Florida.

What Does This Lawyer Do?

Let’s begin by discussing the important services business contract attorneys offer. We’ll go into further detail about when to hire one later, but a better understanding of what they do helps you determine right off the bat if this is a serve that would benefit you. 

Business contract attorneys have extensive experience in topics relating to business ownership and the legal issues that come with it—namely, the many business contracts necessary for running a successful, legal business. This includes creating contracts, resolving business disputes, and making changes to your business that have legal implications. Most of these changes in your business require contracts to ensure the changes are legally binding and above board.

Without proper contract creation, these changes will be ineffective and will not hold up in court, should they need to. On the other hand, when you work with a trusted business lawyer, you can ensure your contracts are enforceable, giving you the peace of mind and security you need as a business owner. 

Next, let’s consider some of the specific situations when you might need a business contract lawyer in Florida.

What Happens if You Don’t Hire a Business Lawyer: Common Risks

You run a number of risks if you don’t hire a business lawyer when you should.

To name a few:

  • Facing costly legal disputes
  • A lack of peace of mind about whether your contracts are legally binding and enforceable
  • Losing time, money, and other resources in legal battles
  • Property seizure
  • Bankruptcy

When to Hire a Business Lawyer

Business law is especially complicated in Florida. Navigating it on your own is, at best, difficult. At worst, you could find yourself in an incredibly challenging position or even in legal trouble. Here are some common situations that call for business contracts and thus would benefit from the help of business lawyers. 

Establishing or joining a business

Starting your business off on the right foot is always a good idea. If you’re creating a business, especially by combining forces with another party, binding legal contracts are a must from the get-go. You could also be making an offer, accepting a job, or writing a mutual consent letter for your business. These are other situations when establishing or joining a business relies on the help of a contract lawyer to be sure important considerations are covered in your contracts.

Expanding your business

Making big changes to your business is another situation you won’t want to handle without your lawyer. Your lawyer can ensure you have proper documentation of the changes to come, their implications, and other important details. You could need to provide these letters to shareholders, clients, or staff, and this way, you’ll know you aren’t missing anything.

Dissolving your business

To ensure your business is actually dissolved, a business lawyer can help you draft a business dissolution letter. These letters don’t just refer to closing your business—they also provide you with an official notification of the end of a business relationship with a partner, client, vendor, or another party. With these contracts in place, you can save yourself major legal troubles and headaches down the road, including facing disputes with other parties, clients, vendors, etc. 

Creating or amending contracts

There are also a number of other situations that will come up in the course of running your business that call for contracts. Any and all of these situations will benefit from the guidance of a business lawyer. Otherwise, you can’t be sure your contracts are legally binding and enforceable. 

But this doesn’t just apply to the contracts you’re creating for your own business—these services are also important if you’re signing a contract with someone else for their business. For example, accepting an offer of employment, becoming a vendor, or any other situations where you might join forces in some way with another business. 

Resolving disputes

In the unfortunate event you’re involved in a legal business dispute, rock solid contracts backing you (and a trusted business lawyer) are your best defence. With enforceable legal contracts in place, you can often avoid disputes from coming up in the first place. But in the event disputes still happen, they are easier to manage, resolve, or negotiate thanks to strong business contracts. 

Other Business Contract Topics

Types of business contracts in Florida

Here are some examples of contracts your business might need at some point in the course of operations: 

  • Employment agreements
  • Confidentiality agreements
  • Consulting agreements
  • Indemnity agreements
  • Commercial lease agreements
  • Electronic data interchange (EDI) agreements
  • License agreements
  • Sales agreements
  • Finder’s fee agreements
  • Master equipment lease agreements
  • Loan agreements
  • Linking agreements
  • Non-compete agreements
  • Subcontractor agreements
  • Exclusive sale agreements
  • Supply agreements and supplier contracts
  • Non-disclosure agreements (NDAs)
  • Exclusive supply agreements
  • Vendor contracts
  • Franchise agreements
  • Independent contractor agreements
  • General employee contracts
  • License agreements
  • Promissory notes
  • Mortgages and securities agreements
  • Management agreements

What should a business contract include?

Depending on the specific type of contract being drawn up, there are different elements it will need to include. That being said, there are certain pieces of information most, if not all, business contracts should contain.

They include:

  • The names of the parties involved in the contract
  • An explanation of the purpose of the contract
  • Details about the rights, obligations, and terms of the contract
  • Default and cure provision
  • Notice provisions
  • Business lawyer’s fees provisions

Hire a Business Contract Attorney in Florida

If you are ready to speak with a business contract lawyer in Florida, Garcia Law, PL should be your first call. When it comes to drafting or enforcing a contract, the skilled team at Garcia Law has the expertise, insight, and know-how to protect your rights and your assets.

Don’t sign any business contract until you’ve spoken with your Port Saint Lucie contract lawyer at Garcia Law, PL. We can ensure these contracts are created and enforced legally to protect you and other parties involved.

We offer a number of contract law services, including:

  • Reviewing contracts and other legal documents
  • Preparing and drafting legal documents and contracts
  • Negotiating and modifying contracts
  • Resolving contract disputes
  • Litigation for breaches of contract

Click here to contact us and learn more about protecting yourself and your business.

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