No matter how well you know the role you play or skills you bring to a business, understanding legal requirements is an entirely different matter. There are countless areas where protecting your best interests with appropriate contracts is essential.
The purpose of a business contract is to ensure that all parties in any particular agreement are protected. If you own a company with employees or deal with third parties in a professional capacity, it is highly likely that you will need one or more types of business contracts.
Dealing with vendors typically involves entering into a legal commitment. Most businesses rely on mutually beneficial arrangements such as credit lines, quality assurance on products and delivery deadlines. Without an effective contract that outlines these agreed relationships, your business could lose money or customers.
Employee contracts are common in most businesses. They can help you outline role and conduct expectations, which protect the business in case of certain legal disputes. However, employees also have rights that are dictated by Georgia state laws as well as federal laws. It is therefore important that employee contracts are created with these legal requirements in mind.
Going into business with a partner should not be a venture built on trust alone. Friendships and family ties can break down, which could leave professional partnerships in jeopardy when involved parties own a business together. There are various types of business partnerships and relationships that merit the need for legal contracts. Protect your interests by speaking to an experienced business contract lawyer today.
If you are in the process of building a business or have identified areas where legal contracts may be necessary, the Law Offices of S. Mark Burr, P.C. can help. Call today to learn more about how we can help you safely grow your brand in Atlanta, Georgia.