Contracts
Businesses operate within a complex web of contractual language. At RBC, we assist you through every step of the process, including drafting, reviewing, and enforcing business contracts.
When drafting a contract, consider the following:
Mapping out all possibilities, including contingency plans for worst-case scenarios.
Producing contracts with clear and concise language to reduce ambiguities.
Tips for writing a contract:
Avoid legal jargon (legalese) and write in plain, understandable language. Ensure that every term and condition is clearly defined.
Clearly state how the contract can be amended or modified, including the need for written consent from all parties.
Define the conditions under which the contract can be terminated, including notice periods and any penalties for early termination.
Get it in writing. Contracts are most powerful in written form.
Include confidentiality clauses to protect your business practices and trade secrets from being shared by other parties.
Include mediation and arbitration clauses.
Reference any additional documents that are part of the contract, such as appendices, exhibits, or schedules, and ensure they are clearly labeled and attached.
Specify which state's laws will govern the contract. This is particularly important if the parties are located in different states or countries.
Our review process includes:
Identifying ambiguities
Ensuring compliance with local and federal regulations
Assessing and informing potential liabilities
Modifying contractual terms
Don't leave your business contracts to chance. We can help protect your interests.