November 03, 2016
November 03, 2016 - PRESSADVANTAGE -
Tony M. May offers years of experience in drafting business contracts. His firm can assist with formation and negotiation of all types of contracts for businesses.
Las Vegas NV: Tony M. May, P.C. is pleased to announce that he has posted a new blog article and release for the benefit of readers. The full text of the post can be found at “Top 10 Things Business Owners Need to Know Entering Business Contracts”. A solid legal foundation for any type of business contract can save extensive legal battles and financial impact. The tips and recommendations given in the article are a starting point for businesses to reduce the likelihood of disagreement and litigation regarding business relationships and transactions.
According to a spokesperson for the firm, “Litigation can be the only recourse for business owners who have entered into a contractual relationship with inadequate knowledge of what they are signing. Our legal professionals see many types of businesses who must deal with issues ranging from poorly written contracts to lack of understanding about what is being agreed to. We have provided a list of things which business owners need to know, before entering a contract.”
The article states that while it is a good idea to have a legal professional assist with the drafting of the contract, there are other factors to consider. These include using a written, rather than an oral agreement. Each parties right and obligations are to be defined. The contract should employ clear and understandable language and terminology. Each party to the contract should be identified correctly, according to their legal names or identify.
All rights and obligations of each party to the contract should be specified. Payment obligations should include the amount and the due date. In the event that a contract is terminated, both parties should agree on the circumstances and the procedures which will apply. When there is a dispute, the terms of the contract should include details about how a dispute will be resolved. The contract should define which state laws would apply in the event of a dispute.
Learn more about the firm and business contracts by visiting the firm's website at http://www.tonymaylaw.com.
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For more information about Tony M. May, P.C., contact the company here:
Tony M. May, P.C.
Tony M. May
(702) 388-0404
tmay@tmm-law.com
1850 E Sahara Ave., Ste. 206, Las Vegas, Nevada 89104
