Contracts drafting and negotiation
Our task when drafting a contract is to ensure our client's expectations are met:
the words of a contract must a minimum accurately reflect our client’s desires and memorialize our client’s intentions.
In areas where our client’s have no preference, we draft the contract so that our client’s general interests are promoted. We write with confidence that the words we choose will be construed by subsequent readers in way that coincides with our client’s interests.
To write a contract successfully, we endeavor to do the following:
Structure the contract using words that convey precise meaning to all potential readers
Plan carefully for the multitude of potential interpretive issues that might arise
Understand and apply the standard tools of contract interpretation
Research the relevant legal rules and precedents that may dictate how
subsequent readers will construe the contract
In accomplishing these goals, there is no substitute for hard work and experience. Having the proper forward-thinking mindset throughout the process can go a long way toward ensuring our clients are protected.
A well-drafted contract uses a variety of legal structures to create duties and obligations between parties. The legal structures that create these duties and obligations become the building blocks of the contract; they fall into several basic categories, including:
Many companies lose money because they do not understand contracts when they enter into them or what to do when the other side breaches the agreement. Only a qualified lawyer can advise you on whether an agreement is binding upon you and what rights or obligations you may have if there is a breach.
Before you enter an agreement requiring the giving or payment of valuable consideration, it is best to have a qualified lawyer review the agreement, explain your obligations under it, and the consequence of a breach of the agreement.