In America, the freedom to enter into contracts is a constitutional right. In fact, we enter into many contracts throughout our daily lives, such as when purchasing a new cellular phone plan, a car, obtaining television service, or leasing space in a building. When you enter into a contract each party has a duty to perform some act (i.e. pay rent / provide space in a building), and has rights (i.e. enjoy and use the space in a building / receive rental payments). Sometimes entering into a contract in a business setting may require some additional help to ensure that you understand your rights and duties, that you are making a fair bargained for exchange, and that the contract language actually reflects the agreement you believe you are making (meeting of the minds).
Purchasing or renting real estate, purchasing a business, or entering into contracts to purchase equipment or perform services in the course of your small business operations, are just a few times that you may want to ensure extra vigilance in understanding, negotiating, drafting, and entering into a contract. At Schmeltzer & Bostic, we can assist you with your contracting needs by reviewing contracts, assisting with contract negations, and drafting contracts to ensure that you a reaching a fair agreement and meeting of the minds.