Contracts

Business Contracts

Contracts are the glue that holds commerce together. Most of us use them all the time.

Some common business contracts are:

  • Agreements for the purchase and sale of goods or services
  • Employment agreements and severance agreements
  • Confidentiality or non-disclosure agreements
  • Supply and distribution agreements
  • Shareholders and buy-sell agreements
  • Partnership agreements
  • Limited liability company operating agreements

Special types of transactions have their own forms of contract. Examples are merger agreements, loan agreements and other financing agreements.

Individuals sometimes contract with each other, too. Prenuptial agreements and separation agreements are good examples.

Even if you know what you want from a contractual relationship, it can be helpful to work with an attorney to make sure you actually get it. Words sometimes mean different things in a legal document than they do in everyday writing; some provisions might not be enforceable as they are written; and the boilerplate language really can matter. An experienced contract attorney can also help you flesh out the terms you want in your agreement to make sure it spells out more of the likely points of conflict in the right amount of detail.

Sometimes, contractual relationships go wrong. Other approaches are often faster, more successful and less expensive than immediately jumping into court. In fact, most disputes are resolved without a trial, often by negotiation or, if the circumstances suggest something more formal, mediation or Collaborative Law. A contract attorney or ADR attorney can guide you through the process.