Your Business Lawyer West Palm Beach Talks BUSINESS LAW – Business Transactions
When you need a business lawyer West Palm Beach, we help you with the legal aspects of business transactions, including contract law and negotiation.
Here our best West Palm Beach corporate attorney shares the details of Business Law – Business Transactions…
Types of Business Transactions
The term “Business Transactions” refers to the drafting, execution, and administration of such important business documents as deeds for real estate, financial agreements, shares and asset purchase agreements, manufacturing contracts, employment contracts, merger documents, individual contractor agreements, the creation of foreign or domestic corporations, limited liability companies, and partnerships, and even the transfer of intellectual property from one entity to another.
In short, a business transaction is any type of transaction or series of transactions that impact the ability of a business to function within the perimeters set by the laws of the jurisdiction. In our area, these duties would be performed by a West Palm Beach corporate attorney, and the business lawyer in West Palm Beach you engage will review and oversee any and all business transactions in which your business may be engaged.
From your West Palm Beach contract attorney – Basics of Contracts
As our business lawyer West Palm Beach explains, a contract is a legally-enforceable promise or set of promises made between two or more people, one party(ies) promising to perform certain acts, the other party (ies) promising to pay for or give the other “consideration” for the performance of the act. Each party to a contract should have the opportunity to review and negotiate the specific terms of the contract before it is executed.
In order to avoid business disputes and lengthy litigation, it is imperative that the terms of a contract be put in a writing that clearly and expressly states exactly what the parties intend to do, the obligations of all parties, any terms of compensation, and what happens in the event of a dispute.
A contract must contain the proper language to protect the business’ legal rights and the fine-print language, if any, must be tailored to benefit the business. When a party fails to perform its obligations in accordance with the terms of a contract, the failing party may be in “breach of contract”, which may cause the non-breaching party to suffer losses. The party who did not fail to perform may then seek to recover damages from the party who is in breach. Damages come in the form of compensatory, punitive, nominal or liquidated damages. It is vitally important to the success of business that all contracts get thoroughly reviewed by competent legal counsel. Failure to do so can leave the business vulnerable to loss or litigation. As experienced business attorneys, we can explain the terms of your contract and help you avoid liabilities that may be impossible to escape. We can evaluate your contract and suggest ways to avoid the potential problems and liabilities that may arise in the future.
Our business lawyer West Palm Beach can help you draft, review, or negotiate a variety of agreements, including but not limited to the following:
• Purchase / Sale Agreements
• Manufacturing Agreements
• Producer Agreements
• Employment and Severance Agreements
• Nondisclosure agreements
• Shareholder and LLC Operating Agreements
• Vendor / Customer Agreements
• License Agreements
• Distribution Agreements
• Royalty Agreements
• Residential Lease Agreements
• Non-Competition Agreements
• Confidentiality Agreements
• Joint Venture Agreements
• Employee handbooks
If you are involved in a breach of contract dispute, our West Palm Beach business lawyers can work to strategically negotiate a resolution on your behalf. If an agreement cannot be reached, our West Palm Beach business attorneys will vigorously and thoroughly represent you in any civil litigation. We are committed to working with businesses so that they may obtain a successful and positive outcome for each case.
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