Understanding The Importance Of Business Contracts
How can you know for sure if your business would benefit from having legal contracts? The short is answer is that companies can always benefit from using legal contracts to document their practices. In fact, our business attorneys at the Lake of the Ozarks would argue that drafting solid legal contracts may well be one of the most important steps new business owners can take. Keep reading to find out some of the different ways solid contracts can protect your company.
Protecting Your Corporate Secrets
It doesn't matter if you own a small company with three employees or a major company with over one hundred employees - every business has secrets. Whether your deal with recipes or corporate strategies, during your time in business you will develop your own unique ways of doing things. Having your employees sign legally binding confidentiality agreements can ensure that these secrets will be guarded - or, at the very least, give you an option for legal recourse if information is leaked.
Protecting Your Investment In Your Employees
As an employer, few investments will require as much time, energy, and effort as hiring and training new employees. It takes a lot of investment to train a new employee to appropriately model your company's traditions, values, culture, and business method. One of the most devastating scenarios companies face is having the employees they have invested time, energy, and money into training suddenly leave the company to start their own competing business or go to work for an existing competitor. A non-compete agreement can help prevent this from happening.
Protecting Your Finances
Having ambitious business plans and goals is great, but ultimately, a company's success always boils down to its bottom line. When it's all said and done, your company will have to have more money coming in than money going out in order to succeed. A services agreement is one of the most straightforward and the most important contracts a business owner can possess. This agreement will outline what services the company is expected to provide and how much they will charge for them. It is important that the client or customer sign this contract before the company begins work. This way, if the company does not receive the payment owed to them, they can either refuse to continue the service or (potentially) seek legal recourse.
Protecting Your Company's Location
What are the three most important things in commercial real estate? Location, location, location! As a business owner, your company's location can make or break its success. If you plan to lease your land/building (rather than purchasing it outright), it is imperative that you are comfortable with your lease agreement. Your landlord will be the one responsible for drafting this document, but you are not required to sign anything you are not 100% comfortable with. If needed, don't be afraid to ask an attorney's opinion for help understanding the fine print.
We're Here For All Your Business Law Needs
If you are a business owner, ensuring you have a trusted business attorney on your side is absolutely essential. Our business lawyers in Camdenton MO will be here to help you in any way we can. We would be happy to help you draft new contracts for your company, evaluate existing contracts to determine their legal stability, and examine contracts drafted by other parties to ensure you are safe signing them. For more information about our business law services at the Lake of the Ozarks, visit our website: www.pmcwlaw.com.
The choice of a lawyer is an important decision and should not be based solely on advertising. When you need a knowledgeable attorney, we invite you to contact us to set up a consultation. Evening and weekend appointments are available. We have access to interpreters.
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Protecting Your Corporate Secrets
It doesn't matter if you own a small company with three employees or a major company with over one hundred employees - every business has secrets. Whether your deal with recipes or corporate strategies, during your time in business you will develop your own unique ways of doing things. Having your employees sign legally binding confidentiality agreements can ensure that these secrets will be guarded - or, at the very least, give you an option for legal recourse if information is leaked.
Protecting Your Investment In Your Employees
As an employer, few investments will require as much time, energy, and effort as hiring and training new employees. It takes a lot of investment to train a new employee to appropriately model your company's traditions, values, culture, and business method. One of the most devastating scenarios companies face is having the employees they have invested time, energy, and money into training suddenly leave the company to start their own competing business or go to work for an existing competitor. A non-compete agreement can help prevent this from happening.
Protecting Your Finances
Having ambitious business plans and goals is great, but ultimately, a company's success always boils down to its bottom line. When it's all said and done, your company will have to have more money coming in than money going out in order to succeed. A services agreement is one of the most straightforward and the most important contracts a business owner can possess. This agreement will outline what services the company is expected to provide and how much they will charge for them. It is important that the client or customer sign this contract before the company begins work. This way, if the company does not receive the payment owed to them, they can either refuse to continue the service or (potentially) seek legal recourse.
Protecting Your Company's Location
What are the three most important things in commercial real estate? Location, location, location! As a business owner, your company's location can make or break its success. If you plan to lease your land/building (rather than purchasing it outright), it is imperative that you are comfortable with your lease agreement. Your landlord will be the one responsible for drafting this document, but you are not required to sign anything you are not 100% comfortable with. If needed, don't be afraid to ask an attorney's opinion for help understanding the fine print.
We're Here For All Your Business Law Needs
If you are a business owner, ensuring you have a trusted business attorney on your side is absolutely essential. Our business lawyers in Camdenton MO will be here to help you in any way we can. We would be happy to help you draft new contracts for your company, evaluate existing contracts to determine their legal stability, and examine contracts drafted by other parties to ensure you are safe signing them. For more information about our business law services at the Lake of the Ozarks, visit our website: www.pmcwlaw.com.
Law Offices of Phillips, McElyea, Carpenter, & Welch, P.C.
The choice of a lawyer is an important decision and should not be based solely on advertising. When you need a knowledgeable attorney, we invite you to contact us to set up a consultation. Evening and weekend appointments are available. We have access to interpreters.
We accept Visa, MasterCard, and Discover.
85 Court Circle N.W., P.O. Box 559
Camdenton, MO 65020 GET A MAP
(573) 346-7231 - Telephone
(888) 236-2485 - Toll Free
(573) 346-4411 - Fax
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