Agreement Revisions & Drafting
Need help drafting a contract? Call Mejias Lindsay PLLC to protect your best interests.
Many people don’t think twice before signing a contract, but for business owners, signing a contract can be incredibly precarious. A contract can take your business to new heights or run your business into the ground, depending on how well it is written. A well-written contract can protect your business and assets from costly litigation down the road. Before entering into a contract, you should take steps to protect yourself, you business, and your assets by engaging an experienced business attorney to draft your contract to ensure it is in your best interest.
What Is A Contract?
A contract is a legally binding agreement between two or more parties. Failure to uphold the conditions agreed upon in the contract can have severe financial penalties. Because of this, it is crucial all parties understand the exact and specific details of a contract. When parties disagree about the terms of a contract, it can cause a dispute requiring a large investment of time and money to resolve. The best protection against contract disputes and costly litigation is a well-written contract.
What Makes A Well-Written Contract?
A well-written contract is both clear and specific. Contracts should not be open to interpretation. All well-written contracts contain these four elements:
- All parties are in agreement over the terms of the contract. It is never wise to enter into a contract where one party is not in complete agreement. Any simmering disagreement can easily rise into a full dispute.
- All parties must be capable of making the contract. Parties must both understand all terms and have the authority to agree to a contract.
- Something of value must be exchanged. Called the consideration, anything of value like money, property, stocks, or assets must be exchanged by the parties.
- There must be a clear offer and a clear acceptance. Just because a party makes an offer does not mean it is bound by a contract. In order for a contract to be legally binding and enforceable, it must be accepted.
Protect Your Business
Contracts help form the foundation of business relationships. To ensure all of these relationships are beneficial, you need to work with an experienced contract drafting lawyer to provide well written contracts. The Houston contract drafting attorneys at Mejias Lindsay PLLC can help draft all types of contracts including:
- Employment contracts
- Non-disclosure agreements
- Non-compete agreements
- Purchase agreements
- Partnership agreements
- Shareholder agreements
- Operating agreements
- Trade agreements
- Supplier contracts
- Master service agreements
- Software licensing
- Royalty agreements
Houston Contract Drafting Attorneys
At Mejias Lindsay PLLC, our attorneys understand how important contracts are to your financial success. Our attorneys have extensive experience helping clients from a variety of industries draft contracts to fit their business needs. If you need the help of an experienced contract drafting attorney, call Mejias Lindsay PLLC today for a consultation.