Contracts are serious business. With the right one, both parties mutually benefit from a valid, legally enforceable agreement. With the wrong contract, however, there’s a good chance someone gets the short end of the stick. Or, of course, that the parties go to court. That means more legal fees, potentially significant damages, and destroyed reputations and business relationships.
Most business owners naturally understand the importance of a carefully written contract. But there are innumerable law firms and attorneys who draft contracts. How can you select the best one for your organization’s needs? You should contact one of our experienced contract drafting attorneys right away.
Do I really need a contract attorney at all?
There’s a market out there for do-it-yourself legal document drafting. In some cases, business owners turn to attorneys who practice in areas outside of contract drafting. In a worst case scenario, a business will forego legal counsel at all and draft the agreement themselves. These tactics may save money in the short term, but they can be potentially costly in the long run. So why do you need an attorney who practices specifically in contract law?
For one, legally binding contracts are based on terms of art. These are specialized words and phrases that carry consequential legal meaning. Getting these terms wrong can potentially expose you to liability. It can also inadvertently compromise the very reason you entered into the contract to begin with. You need an attorney who’s familiar with the language of contracts and knows how to use it to your advantage.
Your attorney is also there to make sure the contract is comprehensive. In other words, that nothing essential to the agreement is left out. If the parties fail to address something, there’s a good chance they’ll end up in court. Having a well-drafted document helps ensure there are no misunderstandings. It also minimizes the likelihood of there being a loophole that’s used against you.
It’s important to view skilled, knowledgeable contract drafting as investing in your own company. Like anything else, cutting corners will only undermine these objectives.
What should I expect from an experienced contract attorney?
So with the above principles in mind, what should you look for in a New York contract attorney? Here are a few considerations:
Someone experienced in contract law. This seems like a no-brainer. But again, many businesses turn to lawyers who don’t regularly draft or deal with contracts in any way. Would you rather have a personal injury attorney or a contract attorney do the job?
Someone who knows business. There are all kinds of contracts, from real estate to employment. Businesses need contract attorneys who understand what sort of goods or services they provide. That means someone familiar with the nature of your industry and the challenges it faces.
Someone who keeps up with legal developments. Contract law, like all other areas, is constantly changing. New court decisions, appellate decisions, laws, regulations, and more are always on the horizon. Your business needs someone who is on top of the latest in contract law.
Someone ready to delve into the details that matter. Your lawyer should understand your concerns, the nature of your business, and what issues you need help with. Cookie-cutter approaches won’t do; these details matter. The contract needs to be custom-tailored to your specific company.
Rosenbaum & Taylor Is Ready To Draft Your Contract
If you’ve entered, or are about to enter, into a business agreement, it’s time to get a contract. That’s where Rosenbaum & Taylor comes in. Our law firm has helped countless businesses draft valid and legally enforceable contracts that protect their rights and interests. We’re ready to get to work for you today. Give us a call to schedule your initial consultation.