When you own or operate a business, you will be faced with various legal challenges. It is not a question of if you will, but rather when. These challenges can take the form of a lawsuit, a problem with a lender or government action, and may even threaten the very existence of your business.
You can position yourself to deal with the legal landscape through qualified legal advice. You can be proactive if you are threatened with a lawsuit or claims by hiring an attorney early in the process.
Swanson Sweet LLP works with businesses throughout Wisconsin to stay ahead of the legal curve, providing legal advice that can protect your business.
Business Contracts and Agreements
Contracts are the lifeblood of every business. When you have reached an agreement with someone, you need to have it reduced to writing. Then, you have both rights and obligations under the terms of the contract. You can seek enforcement your own rights if the other party has failed to perform in accordance with the contract.
It is essential that you hire a lawyer to draft your contracts or to review the documents that you have been given. Once you sign the contract, you are bound by its terms. In addition, you need an experienced lawyer to guide you through any contract dispute. This is critically important when acquiring another company or acquiring the assets of another company out of a receivership or bankruptcy proceeding or when selling your company.
Types of Business Contracts and Agreements
Your business may sign many types of contracts. Some of these agreements can be with individuals, while others are with companies. If you have any expectation of performance, you should always memorialize it in the form of a legally binding contract.
Here are some different contracts that your business may sign:
- Sale of goods or products
- Sale of services
- Non-disclosure agreements
- Employment contracts
- Partnership or operating agreements
- Lease agreements
- Indemnity agreements
- Property sale contracts
Breach of Contract and Remedies
There may be challenges in the performance of the contract. One party may not be performing as they have promised. Alternatively, there may be a dispute over what the contract really says and requires. You need to hire a lawyer when you are involved in a contract dispute. You may be able to work out an agreement with the other party to resolve the dispute. However, you may also need to go to court to enforce the terms of the contract.
Contact the attorneys at Swanson Sweet LLP so you can learn how we partner with your business to provide you with the legal advice you need. We take the time to learn about your business so we can tailor our legal advice most effectively. Call us today at 414-269-8500 or contact us online.