Virtually every business transaction has a contract behind it. Even the most carefully written contract can end up in a dispute. These disputes can quickly drain financial resources, damage business and personal reputations, and ultimately end up in court – an expensive, time-consuming process. With the right legal planning, you can reduce your risk of contract disputes while protecting your business.
Ambiguous language or terms are a major cause of contract disputes, causing both sides to interpret the contract differently. Other causes of contract disputes include unforeseen changes in circumstances and economic fluctuations. Contracts drafted by a layperson or those rushed can have overlooked details, which can lead to contract disputes.
Naturally, you want to be certain that your business contracts are as solid as they can be, leaving you with the least amount of legal exposure. Consulting with an experienced Rock Island County, IL business law attorney from SpyratosDavis LLC who understands your company’s needs and goals is your best course of action to avoid contract problems.