Basics of Creating a Contract

Last Updated : April 2, 2024

From small businesses to large ones and non-profits to for profit companies, every business relies on the creation of contracts. Contracts establish relationships between those people who are involved in a business, such as employees and employers, owners and shareholders, employees and consumers, etc., and place legal boundaries and expectations on these relationships. Because of the important role that any contract plays in the success of your business, it is not only critical to make sure you consider every significant aspect of creating a contract, but also have a legal professional who is well-versed in business law drafting and reviewing your contracts.

Important Aspects of Your Business Contracts

Failing to carefully create or review contracts can create legal issues for you in the future and can be detrimental to your business. In order to avoid such problems, make sure to consider the following important aspects of contracts:

  • Establishment of legal relationship between various parties
  • Non-disclosure agreements
  • Payment / investment stipulations
  • Amendments for mergers / acquisitions

All parties who sign a contract are legally bound to its terms. This makes it especially important that you not only include all pertinent and necessary details, but that you review the contract so you know what your contractual obligations are.

Discuss Contract Law with an Attorney in Cedar Rapids

At Arenson Law Group, PC, our attorneys have years of experience helping Cedar Rapids businesses with their contracts, from drafting them to reviewing them. Contact our offices today at (319) 363-8199 to speak with an attorney about your contractual needs and how we can be of help to you.