Business Contract Attorney Indianapolis
Assisting clients with creating and reviewing contracts for businesses
Legally binding business contracts serve a vital role in the business world. These contracts enable companies to seamlessly conduct business around the world. Every legal party involved understands their role in a complex business arrangement.
Creating a new contract or revising an existing business contract generally is a complicated process. We know that business owners are smart and driven, but when dealing with high stakes business contracts it's important to have a knowledgeable legal professional at your side. If you need an experienced attorney to help create or review a contract, contact a business law attorney at Hocker & Associates, LLC.
Our firm also represents clients in business contract disputes, including breach of contract allegations and other disputes.
What legal issues need to be considered when creating a business contract?
In order for a business contract to be legally binding, some of the issues that regularly need to be addressed include:
- Consideration – Essential part of a contract which outlines the benefit each party receives as part of the promises made in a contractual agreement.
- Offer and acceptance – This part of the contract refers to the implicit or stated offer by a business and the acceptance of others to enter into the terms of the contract.
- Meeting of the minds – Term used to describe specific agreement (often the "terms and conditions") agreed to by all parties as part of the business contract. Also sometimes referred to as "mutual assent."
- Capable parties – This part of the agreement involves demonstrating that the parties involved have the capacity to fulfill their part of the contract. Often, this involves demonstrating that different parties have the financial means to enter into such an agreement.
- Time frame – Most business contracts exist for a specified period of time. All parties involved in a contract must adhere to certain deadlines and time frames or else face certain consequences, which are often financial in nature.
Most business contracts are written documents, but some are oral agreements between various parties. We strongly recommend written business contracts, and in many instances, written business contracts are required.
Why should I hire Hocker & Associates, LLC to help write a business contract?
Every single word matters in a business contract. Remove one or add another and the terms of your business contract could change dramatically. That's why it's critical that you carefully review any business contract before signing or agreeing to one.
We can walk you through your proposed contract word by word. We can also provide insight into possible changes to a proposed or existing contract if we believe an alteration would benefit your business.
Your interests come first at Hocker & Associates, LLC. Find out how we can help you. Contact us and schedule a free consultation. Call (317) 578-1630. We can meet with you in one of our offices in Indiana, including two in Indianapolis. We can also meet with you at your business or wherever's convenient for you.