A business contract lawyer drafts commercial agreements for businesses. Business contract lawyers work closely with businesses to develop contracts that can be used to grow, protect and professionalise how an enterprise operates.
There are many contracts that a lawyer can draft, but it’s important for the cost of those legal services to be commercially viable. A good contract lawyer can help businesses solve their contract problems for a fixed fee. Fixed-fee contract services allow business owners to factor the cost into their decision-making.
This article was written by Farrah Motley, Director of Prosper Law and a business contract lawyer. Farrah has ten years of experience as an Australian lawyer. Farrah holds degrees in Law and Business (with a major in accounting) from the Queensland University of Technology.
What contracts can a business contract lawyer help with?
There are many contracts a lawyer can help with. As a business owner, you may at some point need help to review, draft or interpret:
A contract lawyer can also help businesses identify what kind of contract is needed. And, it can be helpful to understand if a contract is not going to achieve the desired outcome. For example, not every contract or clause is legally enforceable. Understanding the legal framework surrounding the business’s industry, product and service is key.
How much does a business contract lawyer cost?
The cost of a business contract lawyer depends on the complexity and length of a contract. It also depends on how complex the business is and what the legal issues are.
Business owners can expect to pay anywhere between $500 to $5,000 for a contract.
Do businesses need a lawyer to review and draft their contracts?
It is best practice to engage a lawyer to review and draft business contracts. The risk of ‘getting it wrong’ cannot be overstated. The greater the consequence of the contract failing to achieve the intent of the business, the more important it is to engage a business contract lawyer. Because of this, businesses should engage a lawyer to prepare and interpret their contracts.
How can Prosper Law help?
Prosper Law is a fixed-fee law firm. We provide business contract services for an upfront, fixed price. We help small, large and multinational businesses with their contract requirements.
If you need a business contract lawyer, contact us today for a fixed fee quote.
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