All business transactions, minor and major, should be captured in a written agreement acknowledged and agreed to by the parties involved. This is easy to accomplish and can be a simple 1-page signed document that outlines deliverables, responsibilities, obligations, and payment terms. If there is anything you are particularly concerned about, such your ability to return products, protecting your confidential information, or ensuring that your business partner can’t walk away without giving you a sufficient time period to wind down, be sure to include this language in your agreement.
Make it a habit to draft and execute a simple agreement for all of your business transactions. You'll have a legally binding document that supports your claims, protects your rights, and helps you resolve any disputes quickly so you can get back to business.
Here are the basic steps to make a contract:
Are you ready to draft your contract but not sure if you are missing key provisions to make it enforceable? Ask a seasoned business attorney to do a quick review. Some attorneys offer same-day turnarounds and reasonable hourly rates for this service.
Andrea A. Tarshus, Esq. founded Tarshus Law Firm in 2015 to provide efficient, accessible, and fair General Counsel legal services to businesses and business owners. Tarshus Law Firm represents Western New York and Buffalo based businesses as well as large international and publicly traded corporations in industries such as: audio video ("AV"), products distribution, transportation and logistics, medical marijuana, marketing, social media, healthcare, and other sectors.
Andrea’s engagement with businesses regularly includes business formation, negotiating and executing favorable contracts, legal research and writing, project management, administering internal legal and operational controls, problem-solving, and strategizing. She enjoys working with business owners, C-suite executives, and company managers to create a comprehensive legal and business framework that supports operational efficiencies and strategies for growth.
This article is intended to be informational in nature, should not be relied upon by the reader without consultation with an attorney, and does not create an attorney-client relationship between the author and reader.