Do You Need a Lawyer for All Business Contracts?

Do You Need a Lawyer for All Business Contracts?

Do You Need a Lawyer for All Business Contracts?

Contracts are the basis of business. At the heart of every business transaction is an agreement, whether it is with vendors, customers, owners, or other parties. Contracts can govern the simplest or the most complex transactions, and regardless of the nature of the deal, it is critical that all contract terms are favorable and minimize liability and losses for your company.

It is a good idea to have an experienced Los Angeles business lawyer draft your contracts. If another party presents your company with a contract, have your lawyer review it before you sign anything. Using boilerplate contracts or the same contract for different types of transactions means the terms will not be tailored to the situation at hand, which can increase the risk that something might go wrong.

If you repeatedly engage in the same type of transaction, discuss this with your attorney, who can advise whether you need a revised contract. Sometimes, repeating a contract for similar transactions makes sense, but you want to check with a legal professional. If you use a contract with unfavorable terms or that does not properly represent the agreement at hand, it can lead to:

  • Breach of contract claims
  • Legal liability to the other party
  • Losses if the other party’s obligations are not clear
  • Unenforceability of some or all provisions of the agreement
  • Arbitration, mediation, or even litigation

Err on the safe side and seek legal guidance regarding your business contracts.

Contact a Los Angeles County Business Transactions Attorney for Assistance

If you are a business owner and need to enter into an agreement, protect your company’s interests by first speaking with a Los Angeles business lawyer at the Kaver Law Office. We will always provide honest counsel regarding the level of review your contracts require, so please call 310.620.6420 or contact us online to schedule an appointment today.