Every relationship a business owner has is contractual in nature. Whether the relationship is with its customers, suppliers, vendors, landlords, employees or its business partners, contracts govern the rights, duties and obligations of that relationship. Clear, favorable contract language can help keep the business on track by minimizing risk and maximizing return. Ambiguous or unfavorable contract terms lead to misunderstandings, issues of non-payment and even litigation. Key contracts for which the business owner should be aware are:
1. Customer or Sales Contracts;
2. Supplier or vendor contracts;
4. Employment or independent contractor agreements;
5. Distribution agreement;
6. Non-compete agreements;
7. Non-disclosure agreements;
8. Construction contracts.
BusinessLegal can review an existing contract for potential risks, or draft a contract specifically tailored to a given business need.
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