When Should I Review and Revise my Contracts?

Florida Contracts

Reading this article will teach you when and why you need a Miami contract lawyer for Florida contract review and Florida contract drafting.

 

If you run a business you are selling goods or selling services. In either case you will be making deals to do your business. The best reference for the terms of your deal is a written contract, not a handshake or notes on a napkin. But you got that covered, you had a contract written up when you first started business… twenty years ago. Maybe you even got a real nice official looking form from an office supply store. Better yet, you recently went online and downloaded a generic contract from the web. I cannot tell you how many times over the past twenty years I have heard business owners tell me precisely this when they seek help for a good deal gone bad. See anything wrong with this picture? As a practicing Miami contract lawyer, I do.

Florida Contracts Gone Wild

In the cases above, all the terms of your business deal may not be adequately covered in your contract. An outdated and dusty contract could be your worst enemy. Often such a document gives you a false sense of security. Something that made sense twenty years ago may not even apply today. The office supply form, while cheap and convenient, is often way too simple for what is required. Remember you get what you pay for. Likewise, a generic contract from the web was not drafted specifically for your business and certainly will be missing terms you need. Besides, what nameless person put that form on the web you will now base your business on? Was this even a licensed lawyer from the state where you do business? From a legal standpoint, a contract is not optional or a luxury. A well written and specifically crafted contract for your business is a necessity for your own protection.

Contract or Bust

A written contract for your business is the only time when you can define all the rules for how your deal will go down. The who, what, where, when and how for your transaction. I cannot stress how important this is. Think of your contract as the backbone for your business, plain and simple. This is an investment and part of your business infrastructure. If there is something wrong with your contract then there is something wrong with your business. Cutting corners or skimping on your contract will cost you dearly down the road in headaches, lost business, customer disputes and lawsuits.

Florida Contract Review

As a good business practice, all of your contracts should be reviewed regularly by a Florida contract lawyer to ensure the terms are still relevant. During this periodic review, the contract lawyer can also update existing terms when required due to different business procedures or methods. Periodic Florida contract review ensures that new ideas and lessons learned from previous deals can be incorporated into your contract. Never allow your contract to become stale, outdated and perhaps meaningless.

Florida Contract Drafting

In the instance you are using no written contract (gasp) or a generic purchased document (shudder), now would be a good time engage a lawyer for Florida contract drafting. A personal consultation with a Miami contract lawyer will allow the lawyer to review your business needs and operations to craft a contract that specifically protects your legal interests. Think of this as custom carpentry work. With custom carpentry work, you do not complete the job with just a single hammer. There are many different tools to use all depending on what you want to achieve. Same applies to your business contract. Don’t just use a generic form but arm yourself with a custom crafted contract geared towards your business needs.

Florida Contract Consults

We stand ready to assist you with your Florida contract drafting and Florida contract review needs. Contact us for a consultation concerning Florida contracts and see how a Miami contract lawyer can help you get the benefit of your bargain.


Related Topics: Florida contract law, Miami contract attorney, Florida contract drafting, Florida contract review, Florida contract revision, Florida contract amendment, Florida contract attorney

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