Almost all business deals are about the exchange of a service or product for money. In most cases, the deals that you strike will end well, with both parties getting what they want, but there are exceptions. In some situations, a client or business partner could try and back out of a deal after the terms were agreed to. If you find yourself in this situation, it might be time to consider bringing in legal help. Here are some of the different scenarios where it could prove quite beneficial to have a contract lawyer at your side.
The Best Time to Hire a Contract Lawyer is Before You Sign on the Dotted Line
While you might be reading this article because someone is already in breach of a contract, it's worth noting that the absolute best time to get a contract lawyer involved in a deal is before either party signs said contract. Your lawyer will make sure the terms are fair and enforceable and can include clauses designed to protect your interests if the other party were to suddenly back out after the deal is struck. Investing in legal help before you finalize the contract can actually save you money later on by ensuring that no problems will arise down the line.
Respond Quickly to the First Breach of Contract to Let Them Know You Mean Business and Save the Deal
If you can't get a lawyer involved before you sign the contract, the next best time to do so is immediately after the first breach occurs. It may still be possible at this point to get the other party to comply with the contract terms and you can both forget the breach ever happened and move on with business as usual. Sometimes even just a simple letter or phone call from someone representing your business and legal interests is enough to get the other party to shape up and comply with the original terms.
Negotiate a Settlement or End to a Contract If Everything Goes Sideways
If it's clear the other party won't honor the contract, a contract dispute lawyer can assist with negotiating a deal that will get both parties out with as little damage as possible and without having to deal with a costly lawsuit. A good lawyer will ensure that you are not taken advantage of and will make clear that you are serious about protecting your interests now and in the future.
Contract dispute lawyers are most commonly hired when things don't go as planned, but for best results, you should hire a contract dispute law expert while you are still negotiating the terms of the contract. Such an expert will look out for your interests and make sure the contract is fair and enforceable.
Reach out to a contract dispute lawyer for more information.