A sound contract is the foundation of most businesses. If you are starting a partnership with a friend or family member, or business associate, having a sound business partnership contract that outlines your responsibilities and benefits can make a difference in preventing disputes in the future. If you will be selling goods and services to clients, a business contract can clearly outline your deliverables and make clear your pricing and rates to clients so that there aren’t disputes later. If you will be hiring employees, employment contracts can make clear to employees the terms of their employment and each party’s responsibility in the arrangement, including wages, time off, and company policies. A sound contract can protect your business from litigation later, and a sound contract can often resolve litigation swiftly when misunderstandings arise. The Towne Law Firm, P.C. is a contract lawyer in Albany, New York that works with a range of businesses from small businesses to corporations, helping them with their contracts. If a contract is under dispute, the Towne Law Firm, P.C. is a business litigation law firm in Albany, New York that can assist you. Of course, the best way to prevent most litigation is by having a strong contract in place in the first place. When it comes to protecting your rights and your business, the Towne Law Firm, P.C. is a corporate law firm that can help you.
Types of Contracts Every Business May Need
Whether you are a big corporation or a small business, most companies need some basic standard contracts. While it might be tempting to use template contracts, it is important to understand that these generic contracts may not always take into account specific laws related to your industry, specific laws relevant to your area of business operation, and other factors. Here are some contracts most businesses will need:
- Employment Contracts. If you plan to hire employees, having a sound employment contract when you make your offer is important. An employment contract can clearly outline the salary and the benefits, the responsibilities of the job, and other additional clauses, including non-compete and confidentiality agreements. The Towne Law Firm, P.C is a corporate law firm in Albany, New York that can learn more about your business and create an employment contract that will best protect your business.
- Services and Sales Contracts. If you sell services, a strong services contract can protect your business. A services contract can make clear your fee structure and outline the specific services you offer. If you sell goods, sales contracts can outline how many items of a given product you’ve sold, outline warranties, and clearly outline the terms of the contract. The Towne Law Firm, P.C. is a contract law firm in Albany, New York that can help you with your services and sales contracts, so that your business can run as smoothly as possible when dealing with clients.
- Business Partnership Contracts. Many people don’t go into business alone. If you will be starting a partnership with a friend, a family member, or business associate, it is important to have a business contract in place that clearly outlines the terms of your relationship, makes clear who owns what, and outlines provisions for what should happen should you and your business partner wish to part ways. One of the most important things you can do is have a strong business partnership contract in place from the start. This can prevent costly litigation should things change later or should disagreements or misunderstandings arise. The Towne Law Firm, P.C. is a contract law firm in Albany, New York that can assist you with your business formation needs and your business contracts.
- Other Contracts. Other contracts will depend on the nature of your business. If you are a landlord, you may need rental or lease agreements. If you are renting or leasing property or goods, you’ll also need these agreements as well. A well-worded lease agreement will outline both the landlord’s obligations and the tenant’s obligations. If equipment or other goods are rented, the lease or rental agreement should outline the renter’s obligation should properly be broken or damaged, the term of the rental or lease, and other provisions. The Towne Law Firm, P.C. can review your business situation and help you understand what contracts you may need to best protect your business interests.
These are just some of the types of contracts that a business might need. Depending on the complexity of your business, you may need a range of contracts. The Towne Law Firm, P.C. is a contract law firm in Albany, New York that may be able to help you if you are starting a business and need foundational contracts for the business. It can also be beneficial to review your contracts from time to time. Laws change. Keeping your contracts fresh and up-to-date can be important to protecting your business interests.
Litigation Attorneys in Albany, New York
Properly-formed contracts can often prevent litigation before it begins, and assist you in resolving litigation should it begin. However, sometimes even when a business has sound contracts in place, disputes and misunderstandings arise. This is where it can help to have a business litigation lawyer on your side. The Towne Law Firm, P.C. is a business litigation law firm in Albany, New York that may be able to help you if you are facing business disputes or other issues.