​Commercial contracts are a part of everyday business and Shahara understands the key risks facing businesses in an ever-evolving marketplace that is becoming more and more regulated. Shahara is experienced in developing appropriately structured and streamlined contractual documentation of the highest standards.

Find out how can she help you prepare the right contracts and set you up for success.

Shahara is experienced in contract review and preparation with the resources and knowledge to assist clients achieve the best outcomes. Armed with local and national insights, Shahara brings an astute commercial approach in providing legal solutions to complex matters.

CONTRACT REVIEW

The Contract Review service includes an attorney review of up to 5 contracts reviewed (no more than 10 pages each).  Optional drafting, markups and contract negotiation priced on a separate fixed-fee basis.

In addition, Shahara advises on preparing and negotiating:

  • Standard documents such as subcontract tender packages, terms and conditions, revisions and licensing agreements;
  • Outsourcing and maintenance agreements;
  • Services, management and operating agreements;
  • Joint ventures, shareholder agreements and strategic alliance agreements;
  • Asset sale, leasing and rental agreements;
  • Confidentiality and non-disclosure agreements; and
  • Agency and partnership agreements.
SCHEDULE A 15-MINUTE CONSULTATION!

CONTRACT REVIEW FAQs

Contrary to popular belief, as a lawyer, I am not opposed to contract templates.  However, there is a time and place for them.  For example,  you can go to a low-budget clothing store and find a pair of pants that fit.  However,  it is a little tight in the waist or doesn’t quite have the length that you need.   The quality may not be the best, but it works for your budget and your life needs.  

You can also go to a high-end clothing store and find a pair of pants that fit well.  The pants fit better and the material is great, however, there are no pockets (Ladies you know what I mean) and perhaps the pants fit well in some parts but not so well in other parts.

But what happens when you go to a tailor?  One that ensures that the pair of pants you need is perfectly tailored for your body.  The tailor makes sure that the pants are flattering to your shape and size and even provides suggestions on how to style the pants.

This is the difference between generic templates and customized drafted contracts.  Do you want a contract that “doesn’t quite fit” or one that was made just for you?

This is why it is important to have an experienced lawyer on your side.  Contracts are state-specific and depending on the industry, there could be additional contract terms that are required.  

Therefore, it is important to ensure that you have someone who is familiar with your industry and contract drafting to help navigate potential landmines.

What are the typical timelines and costs associated with drafting and reviewing customized contracts?

You can expect a customized contract to take a minimum of 2 weeks to complete.  This includes the editing process.  We provide an initial draft for you to review and allow you to provide feedback so that we can ensure that we address your concerns.  The average cost of drafting a contract is $3,500.00.

There could be lots of reasons why this problem is occurring.  First, the language in the contract may be unclear or confusing.  Does the contract leave room for interpretation?  Second, the expectations of the client do not meet the deliverables in the contract.  That means there is a communication issue and there may be specific areas that may need to be addressed.  Third, you may have a “high-risk” business which means high default rates.  Concerns about payment timelines and terms may need to be communicated through demand letters.

To prevent unnecessary disputes and chargebacks, it is best that every contract has a termination clause.  There may be legitimate reasons why you as well as your client may want to end the contract.  The termination clause can include matters such as notice, contract buyout, or refunds.  terminate contracts prematurely due to changes in business circumstances, financial issues, or unsatisfactory performance by the other party. However, contract termination must be handled carefully to avoid breaching contract terms and potential legal consequences.

Absolutely! We often work with businesses that use independent contractors to perform certain activities for the business.  Many times it is important to have a standard process when managing several contractors.  Issues such as payments, intellectual property, indemnification, and liability insurance coverage are important concerns. 

You may collaborate with other businesses and individuals, such as vendors, suppliers, consultants, or investors, to grow your operations. Sharing confidential information with these parties is often necessary, but it also carries inherent risks. A confidentiality agreement or NDA, establishes clear expectations regarding the protection of shared information, preventing the recipient from sharing it with third parties or using it for purposes beyond the agreed-upon scope.