When Should I Review and Revise my Contracts?

Florida 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 An outdated and dusty contract could be your worst enemy.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.


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Florida Contract Review

Florida Contract Review Help

Russell Law and Patrick Russell, Esq., a Miami Contract Lawyer can assist you with Florida contract review.   A new contract should be reviewed by a Florida contract lawyer prior to the time that you sign the contract.  Having a lawyer review your contract after you sign it may not help you as it will be difficult to make changes to the contract once it has been signed.  The time to review and the best time to change a contract is always before the time the contract is signed by both parties.  Advance legal review of a contract allows the lawyer to identify possible problems with your agreement.  If a particular contract was drafted by a non-lawyer, it is quite possible that the contract lacks certain necessary terms and conditions. Likewise, if you are using a printed form from an office supply store or the Internet, review is still needed as those forms still might not be applicable to your particular situation or they to may lack essential terms and conditions.  If the contract was drafted by a lawyer representing the other side, you should take caution in entering the agreement since that lawyer has no obligation to represent you or to ensure that your rights are protected.  Not knowing what your contract provides or failing to read the contract is not a defense in a court of law.  By law, you are presumed to have read and to understand all terms and conditions of your contract.  If this is not the case, you should seek the help of a Florida Contract Lawyer who can help you.

Existing contracts can be reviewed by a Florida lawyer at any time if you should have questions as to your rights or duties.  We can sit down with you and thoroughly review your contract to answer any of your questions.  Potential problem areas can be identified so you may address and plan for the future.  Due to a change in circumstances, it may become necessary for you to modify or amend your existing contracts.  Russell Law can help you with Florida contract drafting and revising your existing agreements.

Florida Contract Review Benefits

Russell Law and Patrick Russell, Esq., a Miami Contract Lawyer are available to assist you with Florida contract review.  Unlike a printed form from the store or Internet, we can sit down with you and discuss your legal rights and answer your questions.  Thereafter, we can suggest changes to your contract so that it better suits your purpose.   The law will not protect you from making a bad business deal, paying too much, or  having buyer’s remorse.  The law will however protect you from a bad contract that should not be enforced.  With its experience, Russell Law can sort through these issues and help you identify problems with the contract.

Miami Contract Lawyer

Florida Contract Law Help

Russell Law and Patrick Russell, Esq., a Miami Contract  Lawyer can assist you with Florida contract drafting for the creation of new agreements and contracts.  Typical contracts include purchase and sale contracts for goods or property, service agreements for the provision of services, employment contracts, non-compete agreements, and confidentiality agreements.  We can also provide Florida contract review for proposed contracts before you sign them.  Finally, Russell Law can either defend or prosecute Florida contract litigation cases when there is a contract breach.

Florida Contract Law

Reduced to its simplest form, a contract is nothing more than the exchange of mutual promises by two or more parties. The basic elements of a contract are an offer, an acceptance of the offer, and consideration for the offer. Consideration is a benefit or detriment that a party receives for making or accepting an offer. The most common form of consideration is the payment of money.

Contracts between individuals or businesses need not always be in writing. However, a written contract is by far the best approach to take to protect your interests.  Contracts can be breached, intentionally or not, by either party. Sometimes through no fault of their own, performance under a contract is not possible either because of unplanned events or delays. A breach of contract can occur when either party fails to provide the agreed goods or services, fails to timely provide the agreed goods or services, or fails to timely pay for the agreed goods or services.

Florida Contract Drafting or Review

Since many contracts contain provisions for penalties in the event of a breach, it is very important that you thoroughly review the contract before signing it because the contract can be enforced in a Court of law. The failure to read the contract or to have a lawyer review the same before signing the contract is not a defense to the enforcement of the contract.  Based on the foregoing, it is highly recommended that you retain a Miami Contract Lawyer to draft or review a contract that you may need.

Miami Contract Lawyer Benefits

Russell Law and Patrick Russell, Esq. , a Florida Contract Lawyer are available to assist you with drafting your contracts as well as to thoroughly review all of your contracts, the contract documents, and the conduct of the parties in a contractual relationship. When there is a dispute over a contract, Russell Law can also assist you in the prosecution or defense of such a claim.  You should never go alone when a lawsuit needs to be filed or defended.  The other side will certainly have a lawyer and so should you.  We can advise you every step of the way in the litigation process so your rights are protected.  Additionally, we will suggest steps to you to maximize your recovery or minimize liability in a contract dispute.  Throughout the litigation process, Russell Law will attempt to negotiate an amicable settlement and take steps to minimize legal expenses.

Florida Contract Drafting

Florida Contract Drafting Help

Russell Law and Patrick Russell, Esq., a Miami Contract Lawyer can assist you with Florida contract drafting.   Any business selling goods or providing services should reduce any agreements with their customers to writing.  While verbal agreements may be enforced in certain situations, a written contract is superior and preferred.  In the end it is much easier to prove the terms of your agreement when it is in writing compared to that of a verbal contract.  A good contract will set forth all the terms and conditions for the sale or provision of services so that there can be no disagreement as to what is to be provided, when it is to be provided, and how much it will cost.  A well written contract should give credibility to your business,  provide remedies if a dispute should arise and hopefully reduce customer problems and collection cases.  As a word of caution, be very careful when using legal forms you  find in an office supply store or on the Internet  as they might not always be the right form for you.  Generic printed forms often lack very important terms and conditions that you may need.  It is highly recommended that you seek the help of a legal professional when drafting your contracts.  Since a contract will form the backbone of your business, you should not leave the contract up to chance or cut corners when creating the same.

Florida Contract Drafting Benefits

Russell Law and Patrick Russell, Esq., a Miami Contract Lawyer are available to assist you with drafting your contracts.   To name a few, we can help you with the drafting of purchase and sales contracts, service contracts, shareholder agreements, employment contracts, real estate contracts, non-compete agreements, and settlement or payment plan deals.   Russell Law can draft your agreement entirely from scratch or modify an existing contract .  Existing agreements can be reviewed, updated and revised.  In drafting your contract, we will meet with you to assess your needs and to understand your transaction.  Thereafter Russell Law will draft a contract tailored to your specific requirements.  Since nothing can really be done to prevent a breach, one major goal is to appropriately plan for that contingency so your rights are protected and to maximize your remedies.

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