Notwendige Verträge für Unternehmen - Blog | digitalCounsels

Which contracts does your company need?

As an entrepreneur you need a large number of contracts

Contract law is central to your business. Whether you are a startup or have been operating in the marketplace for decades, a lawyer who is knowledgeable in contract law will take you one step further. Typical contracts include:

  • General Terms and Conditions
  • Service Level Agreements
  • Framework Agreements
  • Cooperation Agreements
  • Non-Disclosure Agreements (NDAs)
  • Sales Contract
  • Shareholder Agreements
  • Purchase Agreements
  • Employment Contracts
  • License Agreements
  • Distribution Agreements
  • Agency Agreements
  • Freelance Contracts
  • Consulting Contracts

Most of these types of contracts are necessary to run a business. The contracts shall protect the rights of the business owners. It is worthwhile to hire a contract lawyer to help you save time and money by reviewing, negotiating, and revising complex legal agreements in your contract to ensure that you are legally on the safe side.

Contracts often have different lengths and formats and are usually peppered with terms and clauses difficult to understand. Often, policy makers sign legal documents without clarifying and understanding the legal consequences, which can ultimately lead to losing time and money.

For this reason, it is recommended that you have your contracts reviewed by lawyers who pass through all the necessary terms and conditions and, if necessary, develop additional clauses that meet your specific needs. To protect the interests of your company at a reasonable cost.

Make sure you consider the following questions:

• Which contracts do I need?

Before starting your business, you should consult a lawyer to understand which contracts you need. Also at a later date, such a clarification, for example, due to a new law, may be appropriate. Most lawyers give you this information for free or at minimal cost. Among other things, this information helps reduce the risk of future disputes, promote timely payment for customers, and build beneficial relationships with employers. It is always better to conclude more contracts than necessary. It is therefore an advantage to have a lawyer who can handle these tasks.

• What are my risks?

A good corporate lawyer takes care of the tasks assigned to him. An outstanding lawyer goes one step further and takes proactively into account any legal risks associated with the business activities. By reviewing your business plan, you can create the documents and contracts you need. Ideally, aspects such as insurance or future business activities should be proactively considered. With a risk analysis of your business, you can minimize future legal costs.

• Advising vs. forensically

Remember that there are two types of business lawyers. Consulting lawyers design and review legal documents for entrepreneurs. Other lawyers are experts in solving disputes with other parties. Finding a lawyer with experience in both areas is one way. However, for some companies it is a better idea  to hire a separate lawyer for every aspect.

• Is a lawyer necessary if I use free contract templates from the internet?

Although many free legal documents are well designed, you should have them proofread by a lawyer. He can tailor the contract to your specific needs and will guide you safely through the legal aspects of the contract. Many of the legal documents you see online have very general provisions that do not adequately reflect your unique situation.

• Costs

The cost varies depending on the type and length of the contract, the legal fees and the desired processing time. Some lawyers can offer their advice for the review and negotiation of contracts from CHF 220 per hour.

For advice in special areas, such as for example, licensing agreements may increase attorney’s fees up to CHF 500 per hour, while various types of privacy agreements and negotiations may often be offered at a fixed price.

digitalCounsels offers a large number of contracts including legal advice at a fixed price. By discussing your exact needs together with a digitalCounsel’s lawyer, he will be in a position to create or revise the contract to meet your personal needs.