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Posted by on Nov 7, 2018 in Business | 0 comments

Your Business May Be a Risk Because of Your Contracts

Running a business involves managing a lot of risks and concerns every single day. You’re working with lots of people, including clients, investors, and employees. No matter what your business does, you need money to be available when it’s supposed to be, employees to do the job they’ve signed up for, and merchandise or products for your business to show up on time and work properly.

And that’s just the beginning of it. With so much to consider, it’s easy to allow something to slip. Perhaps you figured that you could handle your contracts yourself and save some money and time by avoiding lawyers. It seems reasonable at first. You’re busy, and so long as everyone does their job and everything runs on time, you’re sure to be congratulating yourself and feeling good about that choice.

What happens when someone doesn’t live up to their contract, though? Contracts exist for a reason. They are meant to compel people to act in a certain way, with certain consequences when they fail to live up to those demands. If your contracts aren’t legally valid because you didn’t go to a lawyer, you may soon find that your whole business is at risk.

Depending on which contracts are found invalid, you may find that you are extremely exposed to lawsuits or that you face new and expensive financial obligations. You may also find that you’ve signed a contract that puts unexpected demands on you.

There is a way to avoid all this: working with contract reviewers. These are lawyers that will review your contracts for you to make sure they are legally valid and don’t include any unforeseen obligations.

According to the contract reviewers at Smith & Kendell Attorneys & Counselors, they can help you with all manner of legal agreements, including:

  • Employment contracts when you hire your employees
  • Non-disclosure agreements that put certain limitations on what you can discuss about a business
  • Articles of organization for the founding of your business
  • Corporate mergers when your business joins with another
  • General services

Without the help of contract reviewers, the extremely complex and costly legal agreements you negotiate may not be valid. Imagine a merger failing to go through because a lawyer never looked over the contract properly. Imagine being held to extreme non-disclosure demands because you didn’t understand the contract.

You don’t want to go through that experience. Many of us have grown used to the modern habit of simply clicking “yes” for terms of service agreements and other online contracts. They’re long, difficult to understand, and full of small print. When we run a business, though, we have a higher obligation to ourselves, our investors, and our employees to make sure every contract says exactly what it is supposed to say and is completely legally valid.

Don’t put your business at risk. The investment in lawyers for all your contracts might seem like a big expense, but it’s one you must be sure to make.

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