Contracts are important legal documents that bind businesses and individuals to their promises. Business contracts might come in the form of purchase orders, sales agreements, and employee contracts.
Frankly, without contracts, operating a business would be nearly impossible. Contracts are essential to a business’s operations and future success.
Because contracts are so important, you might be wondering, Is having a legal contract review something my business could benefit from? The short answer is yes, absolutely!
“It is essential that business owners and executives understand the contracts that affect their businesses, including leases, employment contracts, customer contracts and vendor contracts.”Business Attorney Ashley Brewer
A skilled contract review lawyer can provide you with professional advice to ensure that the terms of the contract are enforceable and advantageous to you. Contact BrewerLong today to schedule an appointment and see how our contract law attorneys can help you.
How Can a Contract Review Attorney Help Me?
There is no legal requirement that you must have your contracts reviewed before signing. However, having an experienced attorney help you with your legal contract review can’t hurt. In fact, it is strongly recommended.
But not all contract review matters are the same. There are a number of ways in which a contract review lawyer may be able to help you.
Issue-Specific Contract Review
In some cases, you might have a contract that you understand generally but you have a few specific questions or concerns. If this is the case for you, you might seek out an issue-specific contract review.
This type of review involves asking a specific question relating to the contract or requesting that a specific provision of the contract be explained to you. Your attorney can then review the contract with your specific question or questions in mind.
Examples of issue-specific questions that you might have regarding a contract include:
- How does the non-compete clause in my contract affect my rights?
- What does the non-solicitation clause mean?
- Does this contract affect my intellectual property rights?
- Will signing this contract prevent me from working with other clients?
No matter how simple or complicated the question, it’s always a good idea to run it past an experienced contract review attorney to best understand and protect your rights.
General Contract Review
Contracts are often long documents full of legal jargon that can be difficult to understand. A general contract review can be a great way to gain a basic understanding of your legal contract as a whole. With the help of an experienced contract review attorney, you can better understand your rights and obligations under a particular contract.
If you are seeking a basic contract review, your lawyer will review your entire contract at a surface level and answer any questions you may have about the agreement. Your attorney will also notify you of any red flags or portions of your agreement that require specific attention.
Basic Contract Review and Edits
A contract review plus edits is more comprehensive and goes one step further than just a contract review.
Not only will your contract review lawyer evaluate the entire contract and advise you on potential issues, but your attorney will also propose edits to your contract based on the issues he or she has identified.
Of course, your lawyer will review these proposed revisions with you to ensure your understanding and agreement with the suggested edits. This will give you the opportunity to approve changes, correct issues that were revealed during the review, and better protect your rights.
Basic Contract Review and Ongoing Negotiation
In some cases, the other contracting party may not be willing to agree to your proposed revisions so easily. When this is the case, you might need an attorney to help negotiate the contract terms on your behalf.
After reviewing and editing your contract, your lawyer can submit the revised contract to the other party. Your lawyer can then negotiate further changes to the contract moving forward in your best interest.
In many business contracts, there are numerous terms that must be decided before the contract can be finalized. This often requires a lot of back-and-forth between the contracting parties. Having a contract review attorney on your side to facilitate these negotiations can help streamline the process and get your contract completed in an efficient manner.
What Kinds of Contracts Need Review?
There are a number of situations in which you might need a legal contract review. In reality, any contract that holds legal implications should be reviewed by a contract review lawyer.
Examples of contracts you might want reviewed include:
- Leases and subleases,
- Employment agreements,
- Termination contracts,
- General business contracts,
- Partnership agreements,
- LLC operating agreements,
- Products or services sales contracts,
- Independent contractor agreements, and
- Non-compete agreements.
If you have a contract that you need reviewed for any reason, contact an experienced contract review lawyer today to discuss your options.
How Much Will a Lawyer Cost to Review My Contract?
Before taking any next steps, it is natural to wonder how much a lawyer will cost to review a contract.
There is a common misconception that hiring a lawyer will cost an arm and a leg. This misconception leads many to believe that hiring a contract review lawyer is not worth the cost. In fact, the opposite is true.
While there is of course a cost required to hire an attorney, hiring a lawyer at the outset to review your contracts can actually save you valuable time and money in the long run by ensuring that your contracts are airtight and enforceable before potential issues ever arise.
All law firms structure their fees differently. Don’t hesitate to reach out to BrewerLong to discuss our fees before you decide whether and how you’d like to move forward.
Contact the Contract Review Attorneys at BrewerLong Today
If you have contracts that need to be reviewed, we want to help. Our team of experienced attorneys knows how to help with all your business-related needs.
We have helped countless clients with drafting, reviewing, and negotiating their contracts, and we are confident that we can help you too. Contact BrewerLong today to learn more about our services and see what we can do for you.