At Cotney Construction Law, it’s our goal to simplify legal processes for construction firms. Believe it or not, legal services don’t have to be complicated or expensive, which is why we created subscription plan packages offering a variety of comprehensive services that can both protect and grow your construction business.
In this article, an Orlando construction attorney will explain how our contract review and contract drafting services can help you avoid being tied up in a bad contract. Remember, every one of our subscription plans feature contract review services. Select packages also feature contract drafting services. To learn more about all of the services offered by each of our plans, please visit our website.
The Benefits of Contract Review and Drafting Services
Although an ironclad contract is a necessity for every industry, it’s especially significant for construction businesses. Before you put pen to paper, an attorney can review or draft a contract that can fortify a relationship with an owner and improve the bottom line of your business. Well-written contracts help in the following ways:
- Define Payment: Contractors need to affirm their right to payment. In order to manage the backlog of your business, you need to know when you will be paid, how payment will be received, and what deadlines or other issues could impact your payment schedule. A well-written contract can not only help ensure that you receive accurate payment, but it can also streamline the payment process on projects.
- Protection: A well-written contract protects your best interests and can prevent an unfortunate event from derailing your business. An Orlando construction attorney can draft or review your contract to preserve your lien rights, protect you against wrongful accusations (i.e., construction defects, license disputes), define reasonable delays, and provide you with dispute resolution services.
- Clear and Concise: Contracts are complicated and can easily be misinterpreted. Whether important clauses are missing from the agreement or fault is unfairly shifted, an experienced construction attorney can closely review a contract, identify any concerns, and make any necessary revisions.
- Consistency: General contractors and construction firms have to enter contracts with a plethora of other professionals and businesses, including owners, subcontractors, suppliers, and more. Each of these contracts needs to be consistent and accurately feature the scope of work for each entity. We will ensure that all of your contracts are compliant and valid.
A well-defined contract can be the difference between a successful project that greatly increases the profitability of your business or an utter disaster. Similarly, an effective contract can strengthen business relationships for the future or destroy them overnight. When working on a project, never leave the future of your business to a handshake or boilerplate contract. Consult an experienced attorney for contract review and drafting services.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.