What Contracts Should I Use For My Business?
Contracts help your business run smoothly and efficiently. They reduce the risk of disputes and business litigation. Well-drafted contracts are the backbone of a successful business. Are there specific contracts that every business needs?
The contracts that your business might need can differ from contracts that another business requires. The reason is quite simple. Each business is unique. The business in the next building might ship a substantial amount of its products to customers throughout the United States, while you mostly ship internationally. Different contracts are needed for different businesses.
However, there are some basic contracts that most business owners need for their business, such as:
Lease agreements are standard contracts used by most companies. If you lease equipment, a company vehicle, or a building, a lease agreement sets forth the lease terms. Because your lease agreement can have a long-term impact on your business, ensure that the agreement will benefit your company now and in the future.
Web Site Terms and Use Agreement
It is almost impossible to conduct business without an online presence. However, you want to make sure to protect your company from liability, as well as protect your online content. A user agreement usually includes sections related to:
- User Privacy
- License to Use
- Acceptance of Terms
- Liability Limitations
- Compliance with Terms
- Restrictions and Limitations of Use
- Copyright Protection Warnings
- Jurisdiction for Dispute Resolution
The above list is not a complete list of all items in a user agreement. Consult a business law attorney to ensure your agreement protects you and your company from liability.
Confidentiality and Non-Disclosure Agreements
These contracts are necessary to protect your company’s intellectual property. Use these contracts with third-parties who must have access to confidential information to perform their jobs or services for your company.
If you sell products, a standard sales agreement can make it easier and quicker to contract with customers and clients. Make sure that you include all disclaimers, warranties, and other terms to protect yourself in the event of a dispute.
If your company provides services for a fee, you need a service agreement that outlines the terms and conditions under which you provide services. The agreement details each party’s responsibilities and liabilities regarding the services to be performed. The agreement includes terms such as fees, deadlines, exclusions, change orders, and limitations of liability.
Independent Contractor Agreements
Many small businesses use independent contractors to outsource work instead of hiring full-time employees. You need to have a detailed independent contractor agreement that includes terms, rates, project scope, timelines, deliverables, and more. You may also want to include a non-compete and confidentiality agreement in the contract.
Employment law is complicated. Florida’s at will and right to work employment laws can be confusing. Before you draft an employment agreement, it is wise to consult with a business lawyer. You do not want to restrict your rights as an employer by creating a legally binding and enforceable contract that substantially benefits the employee.
Get Help with Your Company’s Contracts to Avoid Unnecessary Cost and Liability
You can find forms and templates online for various agreements and contracts. Beware! An attorney may not have created these forms. Often the forms are missing crucial language that protects you and your company from liability. The forms may not include the required language to make them enforceable in Florida.
Instead, work with a Coral Springs business attorney to draft the contracts you need for your company. The above list of contracts includes just a few of the contracts that you might need, but it is not an exhaustive list. Working with an experienced business law attorney ensures that the contracts your company uses are legally binding and protect your best interests. You also ensure that your company has all of the contracts it needs.
Call 954-324-3651 or contact us online to schedule an appointment with our business law attorney.