Resolving contractual disputes can be costly and lengthy for many businesses. Finding the right lawyer to handle the situation before it escalates and gets out of control is important! You can prevent this scenario from happening by hiring a professional contract lawyer.
If you’re in the process of looking for contract lawyers Melbourne legal firms offer business owners, make sure you get the best service possible. Having a fair and satisfactory outcome is your goal and it’s possible with the right legal assistance. Keep reading to find out how to find the right lawyer to resolve contractual disputes and other business legal issues.
5 Tips for Businesses that Need a Lawyer to Resolve Contractual Disputes
1. Use an Expert Lawyer to Draft Contracts
One of the quickest and fairest ways to resolve contractual disputes is to have the right contract agreement in the first place. Use a contract lawyer to draft the following documents between parties and ensure you’re legally protected if and when there’s a dispute:
- Employment contracts
- Partnership contracts
- Service contracts
- Non-disclosure contracts
- Lease contracts
It’s important to know when an agreement between two parties needs to be legally formalised to protect your business interests. When a contract is signed between all parties involved, it becomes a legally binding document that’s enforceable when someone fails to meet contractual obligations.
2. Ask a Lawyer to Review Existing Business Contracts
Contractual disputes are expensive, especially if you haven’t used a contract lawyer to draft legal agreements between the parties involved. Many businesses draw up agreements, not realising that these may not be legally binding or enforceable. A contract lawyer, who reviews existing agreements, can determine whether you and your business are legally protected if there’s a dispute.
Your contract lawyer will check that the terms are fair and that the obligations of all parties mentioned are fully detailed. A commercially-focused lawyer ensures that potential legal risks to your business are minimised. When necessary, a contract lawyer will make amendments to reduce potential liabilities to your company.
3. Hire the Right Lawyer to Resolve Contractual Disputes
If you don’t have a lawyer handling your legal affairs and find yourself facing a contractual dispute, now is the time to get an expert on board. Lawyers specialise in different areas of law and you need to engage with a commercially-focused contract lawyer for legal claims made against your company.
An expert contract lawyer, who offers legal assistance to businesses, specialises in the following situations:
- Claims for damages
- Claims for breach
- Claims for equitable remedies
- Claims for performance
- Claims for rectification
An expert contract lawyer can assist in interpreting and mediating contracts between parties that disagree with each other. These lawyers are also trained to terminate and discharge contracts without compromising your business’s legal interests.
4. Pick a Contract Lawyer Who Uses a Client-Focused Approach
It’s important to work with a contract lawyer who listens to your concerns and proposes a cost-effective solution, while ensuring you get a fair and amicable outcome. A lawyer who uses a client-focused approach, factors in all considerations before deciding on a strategy that’s best for your company’s legal interests.
A personalised approach could involve not going through with litigation but, rather finding an alternative solution that avoids a drawn-out and expensive lawsuit. Working with a legal team that considers your unique concerns can ensure that you have a successful outcome, without impacting your company’s bottom line too much.
5. Use Other Lawyers to Protect Your Business Legal Interests
Owning a business can have far-reaching implications if you’re not legally protected. Contract lawyers are experts in drafting contracts to ensure you’re safe from messy claims. These law specialists handle all types of commercial litigations and disputes, providing their clients with honest assessments and viable resolutions.
Business owners can use other types of lawyers to maintain the reputation of their company, while preventing costly litigations:
- Business lawyers: Experts in business structures, franchising, company acquisitions, industrial relations, intellectual property interests, and licensing.
- Commercial property lawyers: Specialists in handling commercial property matters, such as project development, owners’ corporation, leasing, licensing, and land disputes.
- Commercial and retail lease lawyers: Expertise in the leasing of retail premises for restaurants, health-related industries, clothing, food, and hotels.
- Business succession planning lawyers: Experts in handling business succession to ensure the ongoing success of your company when transitioning from one generation to the next.
Knowing which lawyer to use enables you to mitigate risks associated with running a business. When picking a legal firm, ensure they can offer you diverse services to meet all your company’s legal needs.
Final Thoughts
Avoiding time-consuming and costly litigation is the first step to protecting your company’s financial and legal interests. You can do this by having a trustworthy and reliable team of expert lawyers on your side. While contract lawyers are your go-to for contractual disputes, don’t ignore the possibility of using other legal professionals to handle different aspects of your company.
Use the tips in this article to ensure that you hire the right lawyer to resolve contractual disputes and manage all other legal essentials of your business.
