Business’s and individuals enter into contracts every day. A good contract clearly sets forth all of the details of the proposed transaction and provides provisions that govern any future disputes that may arise. A good contract can help you or your company win (if you become involved in a breach of contract lawsuit) or even prevent a lawsuit all together. For more information on some common contracts please visit the links below. If you would like to speak with one of our attorneys about preparing or reviewing a contract please contact LLO@RealLawKY.com or call (502) 589-5855.
Some of the more common types of Contract Services are listed below:
Businesses operate through a series of contracts. A good contract can protect the business. Some of the common contracts are:
• Customer / Client
• Vendor / Supplier
• Employee / Contractors
• Shareholder and Stock Purchase Agreements
• Joint Venture Agreements
Generally, a company has to prepare its own contracts to use with its customers, clients, and employees. Under Kentucky law if there is an ambiguity in a contract it may be resolved in favor of the party that did not prepare the contract so it is important to have all of your contracts prepared by an experienced legal professional. When a company receives a contract often they do not read the fine print or negotiate any of the terms except for the cost of the product/service. If a dispute arises the fine print can become more important to your legal success than the cost of the product/service. If you would like to have a contract prepared or reviewed please contact LLO@RealLawKY.com or call (502) 589-5855.
Employment Contracts and Leases
Kentucky and the Federal Government (IRS) have legal tests which they use to determine whether a person is an Employee or an Independent Contractor. It is important to classify your workers correctly and a good employment contract can help resolve disputes. Good employment contracts cover much more than just the job duties and the rate of pay. Good employment contracts cover every aspect of the employment and can even regulate issues that arise after employment through the use of termination, non-compete, social media, and similar clauses. Good employment contracts are a benefit to both the employee and the employer. If you would like to have one of our attorneys prepare or review an employment contract for your company please contact LLO@RealLawKY.com or call (502) 589-5855.
Real Estate Contracts and Leases
There are numerous forms available online or through various commercial or professional agencies. The Kentucky Real Estate Commission (KREC) has several different Purchase Contracts and property management forms including leases. Most Real Estate Agents also have access to Purchase COntracts and leases through their local boards (e.g. Greater Louisville Association of Realtors).
Regardless of which forms you use it is extremely important that you understand all the terms and how they affect your rights. If you would like to have your Purchase Contract or Lease reviewed, explained, or enforced please contact Michael F. Lawrence. You can reach him through email or by calling (502) 589-5855.