CONTRACTS

Contracts are binding promises that the law will enforce. As such, you need to enter into any contract armed with information and understanding all the details. Always be sure you know the full facts of an agreement before signing it.

If a contract is breached, the law provides remedies to the harmed party, often in form of monetary damages, or in limited circumstances, in the form of specific performance of the promise made. 

MOST COMMON TYPES OF CONTRACT WE HANDLE:

General business contracts

General business contracts cover topics like how your business is structured and how various stakeholders are protected. Some examples include:

• Partnership/Operating agreement. A partnership/operating agreement spells out the relationship between partners, as well as their individual obligations and contributions to a business.
• Indemnity agreement. An indemnity agreement is a contract in which one person agrees to indemnify, or "hold harmless" another person for damages resulting from a specific agreement. For example, a dog sitter might ask pet owners to sign an indemnity contract to prevent lawsuits if a pet is hurt by another animal at location of care.
• Nondisclosure agreement. Nondisclosure agreements give a business owner legal status if a vendor, supplier, service provider, independent contractor, or employee shares proprietary or confidential information about your business.
• Property and equipment lease. These contracts spell out the terms and conditions of a lease for a building or piece of equipment, including monthly payment, deposits, terms, maintenance agreements, and other related items

Sales-related contracts

Sales contracts are legal agreements that cover how property, goods, and services are purchased and sold, and lay out the legal framework for transferring titles, if necessary. Some common sales contracts include:

Employment contracts

Carefully documenting every aspect of employment relationship provides your business with a level of legal protection. Some examples of commonly used employment contracts include:

• General employment contract. An employment contract spells out the relationship between you and your employee, including duration, compensation, benefits, grounds for termination, and any other issues that relate to your specific business such as ownership of work produced.
• Noncompete agreement. A noncompete agreement specifies a period of time in which an employee is prohibited from competing with your business once he or she leaves your company.
• Independent contractor agreement. The federal government has strict criteria for determining whether a business relationship is employer/employee or independent contractor. If you enter into a relationship with a person to provide a particular service or complete an individual project, you’ll likely need an independent contractor agreement that lays out the terms and conditions for that project or service.