Whenever businesses need to create a commercial contract, it always helps to have a lawyer. Commercial contracts protect businesses in several different aspects. If there’s one problem, it can significantly impact a business’s structure. Our New York City business attorneys aim to help businesses get through difficult aspects so that they can safeguard their company and avoid potential problems that may arise.
Call Bashian & Papantoniou P.C. today at (516) 447-3148.
What Are Commercial Contracts?
Commercial contracts are agreements between two or more parties to do or not do something. The agreement can be for goods, services, money, or property. It can be written, oral, or implied by law or conduct. Typically, each party agrees to give something of value to the other party in exchange for what they are getting.
Each party also agrees that the contract is legally binding and that they will exchange what they have agreed to. In some cases, a third party may be involved in enforcing the contract if one of the parties does not fulfill their obligations. Whether you are a business owner or an employee, it is important to understand the basics of commercial contracts so that you can enter into agreements with confidence.
The content of the contract will vary depending on the nature of the business relationship, but there are certain elements that should be included in all contracts.
- First, the contract should clearly state the purpose of the agreement. This will help to prevent any misunderstanding about the terms of the contract.
- Second, the contract should identify the parties involved in the agreement. This will ensure that each party knows their rights and responsibilities under the contract.
- Finally, the contract should detail the terms of the agreement, including any deadlines or performance standards.
Once these elements have been included, the contract should be reviewed by a lawyer to ensure that it is legally binding.
Our team at Bashian & Papantoniou, P.C. is here for you. Our New York City business lawyers will work with you to create a commercial contract designed to safeguard your business every step of the way. Trust that we’re here to help you with meticulous planning and a commitment to your needs.
Contact our firm by filling out our online form or calling us at (516) 447-3148 today.
What Sets You Apart?
We are honest, caring and compassionate. We understand how stressful it can be to deal with legal issues and its financial consequences. Therefore, we will sit down with you and provide a detailed analysis and outlook on what to expect throughout our representation.
What Are Your Fees?
We provide big law firm experience at small firm rates. When discussing your matter, we will provide you with all options available, including the most cost effective solution to perform the work required so that you can make the best decision on how to proceed.
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We are a team of well-respected business attorneys who take pride in accomplishing your goals. Our law firm takes advantage of the most cutting-edge technological resources, which allows for constant contact and communication no matter where the client is located.
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