Business Succession Planning

What Are the Benefits of Hiring a Florida Attorney to Review Your Business Contracts?

Are you thinking about going into business here in the Sunshine State?  Do you already have a business, but are getting overwhelmed with all of the things required to keep your business afloat?  If either is true for you, then read on.    

Having a Florida Business Attorney Is Key

Without question, it can be challenging to keep from getting entirely absorbed in the tangential matters when it comes to your business.  When all you want to do is provide the goods or services that are at the core of your business, handling issues from organizing the business and supporting staff, to negotiating with vendors can really get in the way.  Moreover, there are many speed bumps in running a business that could trip you up if you are not careful.  

So, how can you keep your focus in the right place while still making sure that your business stays on the straight and narrow?  You hire an experienced Florida business attorney, that’s how.  

With a legal professional in your corner, you will be able to run your business more effectively, and gain a little peace of mind in the process.  Rather than worry whether you are getting the best deal in your business contract, you will have the help of a business attorney who has experience with such contracts.    

In this article, we will discuss the five major benefits of hiring a Florida attorney to review your business contracts.  Once you have looked over this list, you may have additional questions about your specific circumstances. If that is the case, then we invite you to contact the seasoned Florida Palm Beach business attorneys at Doane & Doane.  Let us help you with your business contracts. Call us for a free consultation today at 561-656-0200.

Benefit #1Handling Real Estate Contracts

Unless you work out of your home, one of the most essential parts of your business is your place of business.  To obtain a business location, you will need to lease, or buy, office space of some kind. That transaction, of course, requires a number of business contracts, in addition to the lease.  

A qualified business attorney can efficiently review the relevant contracts, including the fine print!  With your business attorney’s help, you will be able to easily understand the main terms of any real estate agreement, and be apprised of all of your obligations under those agreements.  Indeed, without real estate, it would be hard to get your business off of the ground – literally.

Benefit #2 – Reviewing Other Types of Contracts

Business happens based on agreements.  If you want to buy materials for your product, you need a contract.  If you want to sell your products to a retailer, you need a contract.  If you provide a particular service, you need to hire employees to help provide that service.  The rules of the road for your employees will be guided by an employment contract, or employee handbook.  

Overall, there are myriad agreements that you likely need in order to conduct your business.  There is no doubt that you will be doing yourself and your business a service by having a licensed Florida business attorney review all of those agreements for you.  Here is just a small list of the kinds of agreements that you will confront as a business owner:

1.Purchase agreements
2.Sales agreements
3.Letters of Intent
4.Articles of Incorporation
5.Non-disclosure agreements
6.Franchise agreements
7.Non-compete agreements
8.Employment contracts
9.Commercial leases

Benefit #3 – Drafting Agreements

Not only will you need help reviewing all of the various agreements that come across your desk, but a business attorney will be able to help you draft contracts that you need to further your business.  

While you know what you want your contract to do for you, a business attorney will know how to express terms with clarity, and in a way that will protect you in case there is a dispute.

Benefit #4 – Avoiding Pitfalls in Contracts Already in Place   

You may already have a thriving business, with a number of agreements already in place.  Another kind of value-add that a Florida business attorney will bring to your business is the ability to review your existing contracts to ensure that you do not fall into legal hot water.  

Some of the pitfalls that can befall the uninitiated include:

1.Unenforceable agreements;
2.Vague or confusing contract language that may result in disputes;
3.Contracts that, if breached, will result in work stoppages.

Benefit #5 – Avoid Possible Litigation

If you get sued based on a business contract, then that means that you waited too long to hire a business attorney.  The time to get the help with contract review is before something ‘blows up.’ Remember, a business attorney only needs to review the terms of your contracts before the contract is signed.  The attorney does need to be there for the execution of a contract.  So, you can contain your legal costs.

That said, if you get involved in a lawsuit, then the legal fees can be very high.  The phrase “an ounce of prevention is worth a pound of cure” is particularly appropriate here.  Hiring a business attorney now, before disputes arise, is that “ounce of prevention” you need to save you large sums of money in the long run.    

Doane & Doane: the Business Attorneys Who Can Help Your Company Run Smoothly

You got into business to do what you love, and make money doing it.  As a visionary, you need to avoid getting bogged down in the weeds of the many contracts required to run your business.  That is where the professionals at Doane & Doane come in.  

At Doane & Doane, we have vast resources and experience reviewing business contracts.  We have seen it all when it comes to business transactional work, and you can benefit from our collective experience.  Let us make sure that your business contracts will not come back to haunt you down the road, by letting us review your business contracts now.  

If you want to learn more about how we can help, give us a call.  Our business attorneys are ready to assist you and get you that peace of mind you need.  Call Doane & Doane today for more information at 561-656-0200.