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When a business wants to draft a contract with another company, it can be quite a difficult process. If a company is on edgy terms with another company, it may be even more difficult to draft a contract that is honest and ethical. Hiring a good attorney is truly critical for any business deal where a contract must be drafted.
Drafting a contract for a business agreement can be a tricky business. An attorney truly must have a command of the English language, in order to draft contracts that are thorough and to the point. An attorney should seek to do his or her best in making a contract that clearly articulates the deal that has been negotiated between two parties. If an attorney fails to draft a clear contract for a business, then that business may be able to sue the attorney for legal malpractice. This is one of the worst sorts of lawsuits that any lawyer can be involved in. It is truly important for a lawyer to give his or her best efforts when drafting business contract agreements.
It is always a good idea for a business to hire in-house counsel, just in case another business decides to breach the contract. Breach of contract is one of the most common claims filed in the court system. When this happens, a business can lose a tremendous amount of profits and will seek to recover such lost profits from another business. It is a good idea for a business to hire the same attorney for fighting in this sort of case that actually drafted the contract. The more an attorney has knowledge of the past history of a business, the better he or she will be able to fight for that business in a court of law.
Even though in-house counsel an be expensive for any business, it truly is a wise investment. By investing in the right legal help, any business does a service in protecting its assets and profits. Without the right legal help, any business exposes itself to the risk of losing millions of dollars in a given year. It is truly to any business's benefit to work with legal counsel to draft fair and honest contracts with other businesses. When a business does this, other businesses are more likely to actually follow through with the contracts and do everything that they can to avoid breaching the contracts.
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This is not legal advice. That is a very difficult question, because it is entirely dependant on what you are hiring the attorney to do. For example, you could be hiring an attorney to prepare a will, form a corporation, change your name, get a divorce, defend you on a criminal charge, defend you in a lawsuit, or to pursue a lawsuit on your behalf. You will need to be more specific as to why you need an attorney for this question to be answered properly. Attorney fee agreements come in many forms. The three basic ones are flat fee agreements (where you make a one time payment of X), hourly agreements (where you pay the attorney X per hour), and contingency fee agreements (where the lawyer gets X percentage of any money awarded to you). If you'd like to contact me regarding a specific legal question, you may write to: Ron A. Andress, Esq., P.O. Box 195, Mobile, Alabama 36601
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