During the Covid-19 crisis, my law firm has been swamped with contract disputes regarding the ‘Force Majeure’ clause. Also known as an ‘Act of God’, ‘Impossibility’, or ‘Impracticability’ clause, this provision means that if something beyond the control of either party occurs, then neither party is liable for not fulfilling their end of the contract. No one expected to enact this clause when they signed, yet it quickly became the most important part of their contract.
This is just one example of how a rock solid contract is necessary to protect your business, especially when the impossible happens. This is incredibly important for your business, so today I’m going to take you through a broad overview of contract necessities.
In this episode, we’ll cover:
The ins and outs of the ‘Force Majeure’ clause
How an attorney can help you in contract disputes
Basic contracts that you must have in place in order to protect your business
Why you shouldn’t see contracts as scary!
When you can use a template vs. a custom drafted contract
What to consider when vetting a contract template
How much you should expect to pay for a custom drafted contract from an attorney
If you are interested in learning more about custom drafted contracts, please contact my team at www.andreasager.com!
Announcing the Legalpreneur Pro Bono Grant!
In an effort to support small businesses throughout this trying time, my law firm Andrea Sager Law has developed the Legalpreneur Pro Bono Grant. Over the next 5 weeks will be giving away free trademark search and application packages to two small businesses – an $1800 value!
If you own a small business and are interested in this support, then go to andreasager.com/probono to learn more and apply. We would be so grateful to help support you in this time.
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The Legalpreneur Podcast is advertising/marketing material. It is not legal advice. Please consult with your attorney on these topics. Copyright Andrea Sager Law 2020