Contracts are often crucial to the survival of small businesses. The purpose of putting a verbal agreement into a formal, written contract is to provide tangible proof that all parties involved know exactly what they are binding themselves to. You want to be sure that everyone knows things like what they’re supposed to do, how they’re supposed to do it, how much they’re getting paid, etc. But what happens when the parties both think everyone is on the same page, but they’re really not? Perhaps even more importantly, how would that sort of misunderstanding happen in the first place? It’s actually a lot more common than you might think.
Many small business owners view contracts as a necessary evil. Contracts can be lengthy and difficult to understand, but only making handshake agreements can leave you in a very vulnerable position if the other party doesn’t hold up their end of the bargain (for example, having to pay for contractors you cannot use). The result is that many business owners will use contracts, but they often try to keep the contracts short and simple, which can mean a lot of the finer details of the agreement get excluded. Although long contracts with clauses you don’t understand can be a problem, short contracts that omit key details or clauses can be equally problematic. Pro tip: If your entire contract fits on one page, automatically assume it’s not enough — it needs a lot more detail. Often, the lack of detail makes it extremely difficult to predict how contractual disputes will play out. Therefore, details are crucial to avoiding unpredictable results.
See below for a list of the types of contracts that we provide and the fees associated.
Service contracts are agreements for specific acts and are distinguishable from contracts for goods. They’re used predominantly by contractors, freelancers, and consultants and, generally involve one party paying another party to perform a certain act. No matter your industry, never offer your services on a handshake deal. You need a carefully crafted service contract to ensure you get paid.
Goods contracts are agreements for specific goods. These types of contracts lay out the items for sale, the amount of items being sold, the price per unit, payment terms, and terms involving the failure or default of either party to fulfill the terms of the contract.
This type of contract is a combination of both goods and services contract.
A lease or rental agreement sets out the rules landlords and tenants agree to follow in their rental relationship. It is a legal contract, as well as an immensely practical document full of crucial business details, such as how long the tenant can occupy the property and the amount of rent due each month.
A commercial lease agreement is a contract to rent retail, office, or industrial space between a landlord and tenant. The tenant pays a monthly amount to the landlord in return for being allowed the right to use the premises for their business purpose.