How to Write a Business Contract in Google Docs
A business contract is written when transactions of payment or services are legally agreed upon by the parties involved in the partnership. According to Chron, a business contract has four categories. These are the general agreement business contract, employment contract, lease, and sale agreement contract. Whatever category your business contract belongs, it is good to take time and read tips to make sure that the contract you will be writing is appropriate and fits to be legalized. Read our suggestions below.
1. Identify the Parties Involved
Before anything else, you must identify the complete information of the parties involved in the agreement. Small business or not, the people involved in the partnership must be defined and identified in the contract. Their complete name, company name, address, and contact information must be highlighted in the contract.
2. Use Simple Language
Even though it is already established that contracts are legal documents, it does not mean that the words written in the contract must be legalese. Best contracts are written in simple English words where both parties can understand and comprehend it easily. Avoid being pretentious in your choice of words; as much as possible, make it simple and easy to understand.
3. Get into Details
The context and the overall reason for the contract must be laid out carefully on the contract. Each important detail must be written so that not even a single thing will be left out in the agreement. Everything that each company has agreed on must be written because, in case of dispute, it will be accepted by the court. An oral agreement will not be allowed by the law.
4. Specify Payment Process
Money has always been one of the main reasons for a dispute in the business world. To avoid this from happening, you must specify the payment method in the contract. Whatever the parties involved have talked about the payment process must be defined and written accordingly. List the due dates, the acceptance of payment, and the legal actions to be taken in case a failure of payment will occur.
5. State Laws Concerning the Contract
A simple written document of the things that the parties involved have agreed will not make the contract legal. To make it legalized, you must state laws that are related to the contract. Including the state laws will solidify and strengthen the purpose of the contract. Doing so will benefit both parties if one of them will fail to meet the guidelines and the rules agreed on the contract.
6. Consult a Lawyer
To make sure that the state laws you have included on the contract are right, consulting a lawyer is the answer. Aside from that reason, the lawyer will also serve as the witness of the agreement. Lawyers have the ability to review and edit the state laws that govern your contract. Consulting a lawyer will make the contract inclined with the proper legal terms and process of contracts.