Profile 1: CONTRACTS: Is This A Good Contract?
Contracts are part of everyday life. They come up in all sorts of contexts and circumstances –
You want to sell or buy goods or services.
You want to sell our buy a business.
You want to make a deal with another person or business.
You want to form a business relationship.
You want to create an employment relationship.
You want to engage someone as an independent contractor.
You want to invest in something.
You want to purchase some valuable insurance cover.
What could go wrong, if you don’t have the right sort of contract?
You are exposed to risks and liabilities that you should have been protected from.
You don't acquire rights and safeguards that you could have acquired.
The agreement isn't worth the paper it's written on.
You fail to get the best possible agreement you could have got.
Neither party is clear on his/her rights and obligations increasing the chance of future disputes.
You end up paying more than you should have had to pay.
The outcomes/results fall far short of your expectations and there is nothing you can do.
The deliverables are too vague and imprecise to be enforced.
You fail to protect your valuable intellectual property and allow others to profit from it without you being suitably compensated.
If a dispute breaks out, you are faced with expensive, time consuming and stressful litigation, because your contract lacked the right suite of clauses to promote fast, effective and efficient out of court options to manage and resolve the dispute.
Review and advise you regarding any contract;
Having quality effective contracts in place puts you ahead of the game and gives you peace of mind.
What We Can Do For You –
Improve and upgrade poorly drafted contracts;
Draft the right contract to suit your needs;
Protect your interests and safeguard you from avoidable risks.
Assist you to resolve contract disputes more quickly and cost effectively using out of court strategies.
Litigation v Non-Litigious dispute resolution options – Contract disputes argued in court can easily cost each party over $50,000 and sometimes much more.
Litigation can take 1-3 years to complete, including possible appeals.
In contrast, early intervention using alternative dispute management and resolution techniques and strategies (e.g. assisted negotiation, mediation, conciliation and arbitration) can have disputes resolved within 8 weeks within a typical cost range of $5,000 -$10,000 shared between the parties.