Securing an important client’s business for your company is an extremely exciting event. It is even possible that a successful relationship with the right client can lead to even more business, which could help to spur growth and generate profits.
However, it is important that you keep your emotions in check as you move forward with your new client. To this end, you need to craft a contract agreement that sets clear and amenable terms. Once you draw up an initial contract, you may need to amend the document as part of the negotiation process.
But what can you do in the editing process to create an agreement that has a level of clarity to help ensure that both parties will be satisfied with the results of a project? The following are some suggestions derived from an article published on the Inc. website.
- Keep careful track of all changes you make to the contract. Take notes when you verbally discuss the agreement. When amending the document, you can use a program like Microsoft Word, which offers edit-tracking functions.
- Keep lines of communication open and interact with the other party in a positive fashion. This will show that you truly desire to have a successful relationship.
- If negotiations come to a complete halt due to a disagreement in terms, then don’t be afraid to simply call it quits. Forcing the issue could lead to serious problems if the parties cannot find common ground.
- Bring in legal support. There are many details of a contract that should be examined by an attorney to make sure what is written is precisely what is intended.
This last point is very important. The wording of a contract is subject to strict interpretation when seen through the eyes of the law. If your contract includes ambiguous terms or terms that are erroneous to what you intend, you could stand to lose a lot of money. On the other hand, a well-worded contract can provide you with important legal protections.
A Florida contract litigation attorney could help you carefully go over a contract so as to give you a better chance of entering an agreement that will benefit your interests.