The business contract should stipulate the responsibilities of both parties and what the consequences are should these responsibilities be neglected. What should you check in a business contract? First, make sure that the important details of the parties are included such as the name of the business or the people involved. Check the dates of the agreement if it involves one such as if suppliers are tasked to deliver supplies at a scheduled date. The figures agreed upon should also be stipulated correctly.
The roles of both parties should be carefully stated in the contract as well as the consequences if these are not met. If there are deadlines involved, they should also be included.
It should also state the conditions of the termination of the contract should the parties decide that they no longer want to pursue it. There should also be stipulations on dispute resolutions.
This is why it’s good to get the help of a law firm in Burnaby. This is to ensure that your contract goes through all the legal steps to ensure clarity. Find a Good law firm in Burnaby, bc experienced in corporate law. Your lawyer can check the contract to see if there are things that are missing from the contract. You can also turn to lawyers such as Kinman & Associates to draft a fail-proof business contract. This can help you protect your business from lawsuits.
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