Contracts Practice Area
Contracts Protect Profitability and Reduce Risk of Failure
The well-drafted contract is a composite of many provisions, dealing with an enormous variety of issues, some more important than others. Any contract is not just a compilation of its provisions, but the reflection of a number of functional and business decisions. During negotiations, your standard provisions need to be informatively adjusted to the circumstances of your individual transaction (e.g., different beginning-of-negotiations provisions should be used if you are buyer or seller).
A poorly drafted contract can expose your company to large damages from a disgruntled customer or prevent you from receiving the desired quality of product or services you thought you were getting from your vendor. Often, the result is not a lawsuit but a severely diminished business result. The greater the opportunity or risk of failure from your contract, the more important it is to have great legal advice (and perhaps also an advanced contracting system).
How to Improve Your Contracts Results
CorpLaw can provide advice on any contract issues faced by your comp- any – whether it is one negotiation or creating a system for you. We can review and revise your contracts procedures to meet current standards or create contracts policies for you. Our business lawyers understand the need to be practical so that the contracts get signed. We will not unnecessarily impair your negotiations. We will explain your risk in terms of probability of occurrence and financial amount. Then, you can make an informed business judgment for contract legal questions just like you do for non-legal decisions.
CorpLaw’s lawyers have reviewed and revised thousands of contracts – about every conceivable contract type. Each of our lawyers has at least twenty years experience in this area. We understand that the contract is not an end in itself- it is a tool to achieve profitability and secure relationships with customers and suppliers. Ask us to describe our experience and these contract types to you.
We are available for the following contracts work:
- Review and negotiate contracts
- Audit your contract system
- Draft contracts procedures
- Create standard clauses
- Draft a contracts manual
- Consult on your contracts system
- Create standard negotiating positions, from beginning positions to “no-less-than” positions
- Conduct training seminars for contract or procurement personnel
- Review bid response systems
You will have a portfolio of more uniform contracts with fewer financially risky exceptions to your policies.
“In my experience commissioning large de novo applications development initiatives, and in purchasing enterprise-level application suites, I have found that inevitably, if it isn’t documented in the contract, it is going to be a problem later on in the implementation or maintenance of the software. My advice – get it writing. Get it all in writing up front. Your lawyer will be much less expensive to you in the framing of the agreement than litigating your differences with a vendor later.”
Dave F, a Fortune 1000 CEO
Summary of Types of Contracts Negotiated and Drafted
For a copy of our Contracts Services Offering in .pdf format, please click here.
Supply Agreement Terms and Conditions Analysis
Analyzed Ford Motor Company’s proposed worldwide supply agreement master terms and conditions for vendor client. Compared Ford’s proposed T’s & C’s to worldwide terms and conditions that existed between client and General Motors Corporation and DaimlerChrysler. Recommended appropriate changes.
Summary of Types of Contracts Negotiated and Drafted
Thanks for your help, generosity and timely advice. Your understanding of contracts and the methods to structure risk and expectations was outstanding. Your ability to provide contractual support was critical to the success of my consulting firm.
– Hal K., CEO Consulting firm
“CorpLaw Associates provided outstanding service drafting the licensing agreement that will serve as a basis for an extensive network of automated, demand-responsive, cost-effective light-rail transit within the State of Illinois. Intellectual property is the essential foundation for any enterprise debuting new technology, so protection of the IP is critical to safeguard its most important asset.
CorpLaw took into account the complexities of an agreement necessarily conformed to California choice-of-law where the technology was incepted to build in the necessary protections that would be respected in Illinois. The attorney was sensitive to my relationship with the Licensor and gave wise counsel for no additional charge at how to avoid conflict-of-interest during the negotiations and afterwards.
I felt Charlie and his firm went above and beyond the agreed services under its fixed-cost project legal fee. The attorney seemed genuinely interested in CyberTran and performed the first and most important step towards bringing this new system to the Land of Lincoln.
You are the greatest.”
– Bill S., Developer, Patented Transportation Technology
“We’ve had the good fortune to work closely with Charlie Brown during the past few years, and we’ve found Charlie’s expertise and professionalism to be exceptional.
Charlie quickly learned our business and has been instrumental in helping us with legal and strategic decisions. His knowledge of standards and practices beyond our own expertise has given us insight into the strategies of customers and associates. In complex negotiations with Fortune 100 companies, his contributions led us to hold our ground and acquire important liability protections. He’s ensured that we have implemented required legal protections that are critical for the health of a growing business.
Although legal issues can be complex and challenging, Charlie himself is always pleasant, sensitive to our deadlines, and flexible. He stays within quoted budgets, and he consistently demonstrates keen business acumen.
Charlie not only captured exactly our thoughts from the conversation the three of us recently had but also that again…he explained/broke-down the situation so well in his email to their procurement chief, so clearly and in a way that we feel we are best likely to get the response we want from this potential customer. Thank you very much!
Any business owner knows that having a good legal advisor is essential. Charlie’s work goes far beyond “good.” We look forward to working with Charlie as our business continues to grow.
Charlie’s candor allows me personally to understand & make decisions quickly that I feel are in our best interest.”
– Dean and Kym H., Owners, SaaS Solution Company
“Inevitably, if it isn’t documented in the contract, it is going to be a problem later on in the implementation or maintenance of the software. My advice – get it writing. Get it all in writing up front. Your lawyer will be much less expensive to you in the framing of the agreement than litigating your differences with a vendor later.”
– Dave F., a Fortune 1000 CEO