Agreements and Contracts
The best way to protect your business and its ongoing operations is to use written contracts. Contracts make the terms of any transaction clear for all the parties so that disputes do not arise. Specific terms in a contract will set forth the duties and responsibilities of each party and should include the consequences in the event of default by either party. Contracts need to specifically set forth the allowance for the recovery of attorney’s fees in the event you need to enforce the terms of your contract. Otherwise, it is unlikely that you will be able to recover attorney’s fees incurred in litigating your claim.