The best way to avoid a business contract dispute is by drafting a clear contract. The Contract Dispute Attorneys in Tampa at Savage Villoch Law, PLLC can explain to you that ambiguous, poorly worded contracts are the source for many unnecessary disputes. To help avoid such problems, here are five tips for drafting a successful business contract:
1. Write in Plain English. You won’t impress anyone by including a lot of Legalese and gibberish in your contract. Be precise and to the point. You should use words that most people understand.
2. Negotiate with Decision Makers. You don’t want to waste your time hammering out the details of a contract with someone with no signing authority.
3. Details, Details, Details. While you should keep the language of the contract simple, you should still make sure to include all the necessary details of the deal. Your contract dispute attorneys in Tampa can help you think of every likely contingency and ensure that those are addressed in the contract.
4. Dispute Resolution. Your contract needs to be clear on what happens if one of the parties fails to live up to the terms of the deal and how a dispute will be resolved. For example, the contract should address the governing law and whether a judge or arbitrator has jurisdiction to resolve the dispute.
5. Termination. Your contract should also be clear on when either party has the right to terminate the agreement. The termination clause can kick in for situations such as failure to pay and missing timelines.
Contact Contract Dispute Attorneys In Tampa
Drafting a successful business contract is dependent upon the specific needs of your business. To discuss your unique considerations and needs for your business contract, talk to Tampa contract dispute attorneys at Savage Villoch Law, PLLC by calling (813) 251-4890.