Four Steps to Better Contracts – Save Money & Avoid Headaches!
Last week, our firm successfully represented a small business in a classic “David and Goliath” breach of contract case brought by a large financing company. The lawsuit was expensive, time-consuming, and a unfavorable result potential to considerably burden our client. The issue in the litigation related to the contractual language in the financing company’s standard agreement, and it underlined the importance of detailed, well-drafted and skillfully negotiated contracts. Below are a few tips for small business owners to keep in mind when reviewing vendor contracts: