Businesses form new contracts with regularity. Whether they are hiring new employees, working with new contractors, or re-establishing relationships with existing associates, Brooklyn business entities live and die by the agreements they hold. Often, contracts operate smoothly, and the parties are satisfied with what they receive and what is performed. Unfortunately, sometimes expectations are not met, and agreements are broken.
One way that businesses can avoid breaches of contract is through proactive planning and anticipatory dispute identification. A knowledgeable business law lawyer can walk their client through the important planning and drafting stages of contract development to ensure a new or existing agreement is clear, comprehensive, and satisfactory.
What is proactive planning in contracts?
Proactive planning happens in many different fields. It involves looking ahead at possible conflicts or issues and attempting to work through our around them before they occur. In the context of a business contract, proactive planning may involve ensuring that all parties have the same understanding of contractual terms and the same expectations for what the contract will accomplish. It can provide a clear picture of the agreement for everyone involved so that they are not surprised by contractual terms after it is executed.
What if planning does not prevent problems?
It is not uncommon for some issues to arise even in the most carefully planned contracts. When disputes arise, the parties can seek to work through their differences early on to avoid the growth or compounding of grievances into bigger and more challenging disagreements. Catching issues early can be a way to prevent lengthy and costly proceedings. However, when necessary, parties to contractual disputes should be prepared to discuss their litigation options with their attorneys to protect their business rights.