Small Business Contract Lawyers
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What is a Small Business Contract?
A small business contract is any agreement that is used in connection with the operation of a small business. As such, small business contracts can either be very broad or very specific, and can cover a wide range of different needs. Many people may believe that it isn’t necessary for a small business to use contracts, due to the smaller scale of operation of such organizations.
However, many legal conflicts can be avoided through the use of a contract. A written contract provides documentation of the agreement terms, which will be useful for reference in the future. Also, some agreements are required by law to be written in a contract, such as agreements regarding the sale of real estate.
What Do Small Business Contracts Cover?
As mentioned, small business contracts can cover a wide range of different business needs. These may involve:
- Small business insurance
- Various tax issues
- Small business debt collection terms
- Finders agreements
- Customer agreements
- Purchase and sale contracts (for example, for bulk sales)
Thus, small business contracts can be made between the business and consumers or buyers. They can also be useful between small business owners, such as when two businesses decide to collaborate on a joint project. Here, the parties might use a small business contract to govern the project terms.
What if a Small Business Contract Has Been Breached?
A breach of a small business contract can cause result in unnecessary losses, and can delay business operations. Remedies for breach of contract usually involve some form of monetary damages, which is a payment meant to reimburse the non-breaching party for their losses. Alternatively, the judge may require an equitable remedy, such as requiring the defendant to perform the contract duties which were neglected.
Do I Need a Lawyer for Help With Small Business Contract Issues?
It is important that you understand the role of contracts for small businesses. You may wish to hire a lawyer if you need help with a small business contract. Your attorney can help you draft or review any contract documents to ensure that they are legally valid. Also, your lawyer can provide you with legal representation if you need assistance with filing a lawsuit.
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Last Modified: 12-30-2015 11:40 AM PST
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