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AT ANDREWS TERRY JEFFERS LLP,

TRUST IS EVERYTHING

Three important tips for avoiding business contract disputes

| April 13, 2021 

Business owners from all walks of life are proud to call Washington home. With that in mind, you might also be a business owner that’s ready to sign a contract with another company. During this time, it’s understandable to ensure you accomplish everything properly. To help you out, here are three tips to help you avoid any disputes with your contracts.

Take everyone’s budget into account

Before writing up a contract, it’s imperative to have budgets finalized. By doing this, you can help avoid any potential disputes about payments. As you likely know, payment disputes are one of the most common reasons why contract disputes occur. If you can prepare accurate budgetary information, you might avoid getting involved in a business law dispute.

Notarize all of your contracts

While certain companies might think notarizing a document is an unnecessary step, other businesses know how invaluable notarized documents are. With notarized documents, the other party can’t claim they never signed a contract. More people are also likely to thoroughly read through a notarized contract than a non-notarized one, preventing further contract disputes.

Verify the other party’s signing ability

Anyone involved in a contract will want to know as much as possible about who they’re working with. If not, you can encounter the problem of fraudulent identification. This occurs when a person or company isn’t who they claim to be. If this happens, it can instantly void a contract. Fortunately, you shouldn’t have these worries by making sure to do your due diligence.

In conclusion, there are a few vital ways to prevent contract disputes. By researching who you’re working with, preparing accurate budgets, and getting in touch with a notary, you’ll reduce your chance of dealing with disputed contracts.

Further Reading

LLC operating agreements in Washington

January 18, 2023 
Many small business owners in Washington might be familiar with limited liability companies, also known as LLCs. Setting a business up as an LLC has a lot of financial and legal benefits for business owners that all come down to the operating agreements. What is an LLC operating agreement? The operating agreement essentially outlines the […]

Joint ventures and partnerships

December 9, 2022 
In the business world in Washington state, you sometimes need to collaborate with others to achieve specific goals. Two of these circumstances include the formation of a business partnership and that of a joint venture. However, these two things are not always synonymous. They are, in fact, quite often very distinct and come with different […]
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