Whether you are hiring, renting, beginning a partnership, or working with other parties, your business must be protected with the appropriate contracts in Pasadena, CA. That way, all parties involved know exactly what is expected of them, and the goals of your business are met. An attorney can ensure your contracts are legally enforceable and advocate for you if there is ever a breach of contract.
When you work with an attorney for reviewing, drafting, or negotiating business contracts, you want a law firm with years of experience working with businesses. At Robert G. Petrovich, Attorney at Law, our attorneys have been working with businesses and business owners for more than three decades. Our goal is always to protect your current business’s interests and the long-term effects on the future of your company. We can provide you with:
We have experience with several types of commercial agreements, such as employment contracts, buy-sell agreements, and other contracts that determine the rights and responsibilities of the people you work with.
A contract is an agreement, written or spoken, that is legally enforceable, and business contracts are particularly important agreements. At a minimum, the elements of a valid contract are:
A contract must meet those requirements to be considered valid and enforceable by law. If one of the parties doesn’t follow the terms of a legally enforceable contract, they are in breach of contract.
An attorney isn’t required to create a lawful contract. As long as you feel confident that you meet the essential requirements of a valid contract, it is a lawful contract. Creating a legally binding contract, however, requires more in-depth knowledge of business law. Some lawful contracts won’t hold up in court. Working with a business contract attorney enables you to create secure and legally enforceable contracts. The more important the contract, the more essential it is that an experienced business attorney helps you draft, review, or negotiate the terms of the agreement to be sure it is legally enforceable and protects the goals of your business.
A breach of contract is a failure of one or both parties to hold up their side of the contract, with no legal excuse. Legal excuses include failure of conditions, supervening events, or later agreements. Often, a breach of contract is settled through litigation. The awarded damages for a breach of contract may include:
These remedies may be court-ordered or determined through mediation. A breach of contract may include disputes over the contract terms, failure to pay for or deliver a good or service, and failure to meet a deadline.
Though some business owners feel that hiring a business contract attorney is a great expense, creating contracts that are legally binding without an attorney is also an expense. If you don’t hire an attorney to look over, negotiate, or draft contracts, then you have to spend the time and money internally reviewing them. This can take longer internally than it would with business law attorneys. You would also have to ensure they are up to date with law changes and that they protect your business’s interests. This is time that could be better spent improving and growing your business.
A contract review could be anywhere from $300 to $1,000, while the more in-depth tasks of negotiating or drafting a contract could range up to $3,000 or more. The price of a business contract attorney ranges based on the industry you work in, how complex and long a contract you need, the regulations of your industry, and how many parties are involved in the contract. Hiring a more experienced attorney is also more expensive. You can discuss rates and fees with an attorney before you hire them.
As you interview a business contract attorney, you should ask them questions such as:
When drafting or negotiating a contract, you and your attorney will be determining what could go wrong when the contract is executed. A good attorney is detail-oriented and will consistently determine how to avoid loopholes.
Creating business contracts is the heart of many current businesses, but it’s not without its risks. To protect your interests when employing workers, partnering with businesses and contractors, or buying and selling goods and services, you need to be sure your business contracts are thorough. At Robert G. Petrovich, Attorney at Law, we believe it’s essential to protect and grow your business now and into the future. Contact our team today to see how we can protect your business’s interests and ensure your contracts are reliable.
Based in San Marino (near Pasadena), Mr. Petrovich handles estate planning, probate, business law, real estate, and other legal matters throughout the San Gabriel Valley.