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Some contracts in business can be set up for repeated uses

On Behalf of | Aug 17, 2018 | Contracts

It is common sense that a business owner in Oregon should have a battery of business agreements to use for various situations that come up in the course of doing business. Contracts are something in which an experienced business law attorney excels. Whenever possible, obtain the attorney’s expertise when attempting to draft agreements in the business. After all, the professional processing of business transactions is a win-win proposition which leads logically to increased business for the company.

There are some general contract-drafting principles that a business owner can remember. There may be times when it is necessary to act quickly and to create a contract for oneself, but it is also worthwhile to know these principles while working in cooperation with the company’s business law attorney.  Make sure that all of the information that is the subject matter of the contract is detailed and recorded prior to attempting to draft an agreement.

Know exactly what is being provided and what is coming in return from the other side. It may be as simple as providing the basic services of the company in return for a set amount of money to be paid by the customer. Always specify what is covered by the monetary consideration stated in the agreement and what will cost extra. The most important contracts to keep in mind are: (1) contract for services; (2) independent contractor; (3) employee contract; and (4) vendor contracts.

One way to stay on top of things is to meet with the business law attorney and be ready with a list of various contracts that come up in the business on a regular basis. Go over what matters are repetitive and likely to come up again and again. The Oregon business law practitioner will likely be ahead of the discussion and will readily prepare some templates that can be used for similar situations. However, beware that each transaction has legal consequences and one must consult with the attorney on each to be assured that everything is mutually understood and drafted properly.