Irvine Business Contract Lawyer
Legally enforceable contracts are some of the most critical documents in the business world. Often referred to simply as business agreements, these contracts have the burden of outlining the terms of a commercial or corporate transaction. They clearly establish, in writing, the mutual exchange of promises, obligations, and liabilities between the parties engaging in a transaction. These agreements can be made with suppliers, investors, shareholders, and other business entities.
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Business Agreements & Commercial Contracts in California
Technically speaking, contracts can be verbal, but it’s always better to have them in writing and reviewed by a lawyer. Doing so ensures the contract is enforceable. Verbal business deals fall apart far too often for you to take any chances. Creating a legally binding agreement is a way of clearly identifying and defining the terms and conditions of your transaction.
Types of Business Contracts
There are different types of contracts that companies may enter into depending on their needs. Employment contracts, for example, define the relationship between a worker and their employee. Each of the involved parties must perform their obligations to the other—whether that means to perform a service in return for pay and benefits or to pay an employee for the hours worked or completion of the contracted job. On the other hand, an NDA outlines an employee’s responsibility to protect confidential information from being disclosed to third parties. It should include a description of the protected information and the terms under which the employer discloses that information. Contracts can also define business combinations, such as joint ventures, mergers, acquisitions, and divestitures. The business contract attorney at Kenny Law Group P.C. can help draft NDAs, employee agreements, and more.
Examples of business contracts include:
- Confidentiality agreements
- Buy/sale agreements (sale contracts, distribution agreements, etc.)
- Employee contracts
- Equipment lease contracts
- Franchise agreements
- Noncompete agreements
- Confidentiality/nondisclosure agreements (NDAs)
- Shareholder agreements
- Real estate transactions
- Business combination agreements
Each business contract should have unique stipulations and terms to prevent ambiguity, and they must be made in accordance with the relevant local and state laws that regulate the particular transaction in question. Our business lawyer at Kenny Law Group P.C. can draft contracts that provide your business with the necessary protections in its dealings and helps you accomplish your long-term objectives.
Better Relationships Through Comprehensive Business Contracts
Contracts provide frameworks through which businesses operate. They ensure all parties involved in a transaction understand their respective rights, obligations, and liabilities. If one party breaches the contract, there are legal remedies available to the other entity. When parties cannot negotiate a settlement, litigation is often the next available option.
At Kenny Law Group P.C., we assist clients through the entire contract process. Our Irvine business contract lawyers can work with you to negotiate, draft, review, and interpret your agreements to ensure they effectively accomplish precisely what you need them to.