Another example would be when you hire a new employee. Your new employee may have to sign an employee agreement, a non-compete, and several other documents, to protect your company from liability, and outline the responsibilities of both the employer and the employee.
Almost every interaction you have with another company, client, or even a customer may involve a contract. The complexity of these contracts will vary, based on your industry and the size of your company. They could range from a simple and easy-to-understand one or two-page document to an enormous, binder-sized agreement.
Popular Business Contracts
Non-Compete Agreements for Orlando Businesses and Non-Compete Violations
Businesses will often have their employees sign non-compete agreements upon hire. If your business is in a field where you’ll be hiring professionals to help you develop new products or procedures for your company, it’s crucial that your employees sign non-compete agreements, so your business is protected. Without an airtight, enforceable agreement in place, your former employees can take sensitive information with them and disclose it to a new employer that is your direct competition. Our business contact lawyers in Orlando Floria at Legal Counsel P.A. can draft non-compete agreements for your company that will protect the interests of each party.
Recently, non-compete agreements violations in Orlando, Florida have come under scrutiny. Contact Legal Counsel, P.A. and consult with our business contract lawyers who understands how to draft a non-compete agreement that is fair and also enforceable. Our Orlando non-compete lawyers will need to create a document that includes the following components, so your business is protected from violations that can be harmful to your operations and to your loyal customers:
Your non-compete agreement must be supported by consideration at the time it is signed. Consideration means that your employee needs to receive something of value in exchange for agreeing to refrain from competing with your business. Giving them a job would be a consideration. Though in some areas and fields, a job offer may not be sufficient consideration. You may have to offer a severance package or other thing of value to validate a non-compete agreement.
The non-compete agreement needs to protect a legitimate business interest of yours.
The agreement needs to be considered reasonable in time, geography, and scope.
As an employer, you have a right to protect the relationships you have with your customers and to ensure that your proprietary information is protected from competitors. But a former employee also has a right to earn a living. It’s crucial that your non-compete agreement balances the interests of both parties. A non-compete violations lawyer in Orlando can assist you with drafting and enforcing non-compete contracts, so your business is protected on the one hand, and that any former employees can still earn a living on the other hand.
Common Types of Business Contracts
Wondering what types of Orlando business contracts you may need when running a small business? Here are a few of the most common types of business contract:
Bill of sale – A bill of sale is created when a product is sold, or goods are transferred from one person to another. Essentially, it’s a combination of an invoice and a receipt, showing what goods were transferred, the price at which they were purchased, and other details regarding the sale.
Employment agreement – This is a contract for an employee, outlining job responsibilities, compensation and how they will be paid, working hours, reasons that employment can be terminated, and other such terms of employment.
Distributor agreement – This is a contract signed with a distributor that outlines the responsibilities of both parties, the terms of the agreement, the areas in which the agreement is valid, and all other pertinent details.
Real property lease – The lease that is signed when renting corporate property, a storefront, or an office is a type of contract. It may need to be examined to ensure that the terms are favorable for both parties.
Franchise agreement – A franchise agreement is made between a franchisor (such as a restaurant chain) and a franchisee (such as a person who would like to own a new chain restaurant). Franchise agreements are usually complex, legally binding documents, which outline the details of payments, supply chains, marketing services, usage of trademarked materials, and other such things.
Partnership agreement – A partnership agreement is drawn up between two or more individuals who wish to start a business together. It outlines their liabilities, rules about things like capital contributions and withdrawals, financial reporting, methods for dispute resolution, and other such basic tenets of the business relationship.
There are hundreds of other types of business contracts, and they can often be difficult to understand unless you have an Orlando business management agreement lawyer to help you do so.
We Specialize in Contract Creation, Contract Disputes, Litigation and more.
When creating a contract, it’s very important to ensure that there are no errors or omissions that could result in liability or financial loss for your company. For example, if you are hiring a property manager for your real estate portfolio, you should hire a business management agreement attorney in Orlando, to ensure that if something goes wrong with your properties, you will be protected from liability, and be able to take the appropriate next steps to pursue damages or compensation.
If a contract is breached – that is, one party who signed the contract does not live up to the responsibilities outlined in the contract – you may need an Orlando contract disputes attorney. In most cases, disputes about contracts are resolved through negotiations, but they may occasionally end up in court. Our business contract lawyers have the knowledge and expertise you need to help you with your case, should it go to a court of law. If you need help with any kind of contract, don’t wait. Contact Legal Counsel, P.A. today, and speak to our business contract lawyers to assist you in the complexities of business contract law. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.
