Commercial Contract Drafting

Ensure your business contracts are clear and effective. Douglass & Runger in Memphis offers expert commercial contract drafting for secure business operations.

Commercial Contracts are the lifeblood of commerce. Whether you are an individual or a business, contracts play an important role in making sure obligations and responsibilities are honored and your legal interests are protected. Whether you want to purchase a single item or need to memorialize obligations that will take several years to perform, a contract can assure you and your business’s stakeholders that obligations will be performed.

A contract is only helpful, however, if it is well-drafted. A contract that is vague or that does not accurately record the rights and obligations of each party is of little use to either party. When you need a contract for your business’s operations, consult with a knowledgeable and experienced Tennessee commercial contracting attorney.

 

What Makes A Contract Well-Drafted?

Not all contracts are drafted equally well. The best contracts leave little room for interpretation as to the rights and obligations of the parties to the contract. When a dispute arises, the parties are able to look at the language of the contract and resolve their disagreement without resorting to expensive and time-consuming litigation.

 

 

Seek Help From A Talented Memphis Commercial Contracting Attorney

When you need a contract created for your business operations, you do not want to spend time waiting for an attorney who has little experience in the area to fumble through creating a contract that may or may not meet your needs. The Memphis commercial contracting attorneys at Douglass & Runger have drafted well-written and easily-understandable contracts for a variety of business clients.

The terms of the contract leave no doubt as to who has rights and obligations under the contract. If either party is permitted to assign their rights or duties to third parties, this too should be clearly indicated by the language of the contract.
The contract should specify with as much detail as possible the obligations the parties are undertaking. This includes describing the actions to be performed or the activities the parties will refrain from doing, the time period of the contract, any compensation to be given by one party to another, when the compensation will be given, and the place of any performance of duties. Specificity in these matters is generally to be preferred; however, if the performing party is to be permitted some leeway in the manner or time in which it may perform its obligations, the contract’s language should be drafted accordingly.
The parties are free to specify a state whose laws will apply in the event a court needs to interpret provisions of the contract or rule on the rights and obligations of the parties. In a similar vein, the contract can specify if a court proceeding can be brought in one state or another.
The contract should spell out the legal rights of the parties if either party breaches their obligations. Providing some certainty regarding the procedure to be followed in the event of a breach of contract can help all parties to the contract plan head accordingly. The contract should specify if an aggrieved party must try an alternative dispute resolution process like arbitration before filing a lawsuit. The contract can also specify the type of damages (liquidated, compensatory, and/or another type of damages) available to an aggrieved party.

Why Choose Douglass & Runger for Your Legal Needs?

Every family law case is unique, with its own set of concerns and priorities. Our attorneys take the time to understand your specific situation and goals, craft personalized strategies to address your needs.

Listen. Strategize. Protect.

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