Five Common Pitfalls in NYC Commercial Contracts—and How to Avoid Them

Commercial contract disagreements are hazardous to a well-functioning business. When you and a business partner, client, or other party have differences of opinion over a portion of a commercial contract, this scenario has the potential to derail the entire operation of your business.

Fortunately, there are methods to restore the normal course of business and maintain business relationships in the process. In those situations, both sides in a disagreement understand that coming to a mutually agreeable conclusion is better than fighting tooth and nail over a provision or portion of the commercial contract.

Daniel Knox is a commercial contracts attorney who has over ten years of experience filing, negotiating, and litigating disputed cases involving commercial contracts in both New York State and Federal Courts. We welcome the opportunity to speak to you about your particular case. Becoming a client of ours means receiving second-to-none customer service while developing a strategy geared towards winning a favorable outcome in your particular legal case – whether it goes to court or not.

What are the five most common problems associated with commercial contracts in NYC?

• Failure to Identify the Parties. When it comes to individuals, corporations, or businesses, you must identify the parties who are bound by the terms of the contract. Including inaccurate information about the identity or location of a party in a commercial agreement presents a range of potential problems and invites disputes between parties and nonparties alike.

• Failing to Adhere to NYC’s Specific Regulations and Requirements. Your contract is an agreement between you and at least one other party. Additionally, the contact must consider the law of the land in which it was agreed to. In your case, NYC is the site of the contract. Its laws form the basis of the contract- or, at least, they should. Make sure that necessary regulations in your area of commerce are included in the contract, or a NYC court may have no choice but to disregard portions or the entirety of the agreement in the future.

• Lack of Clear and Definite Terms. Creating a vague and inadequate commercial contract almost certainly means that the contract will be held unenforceable by future courts. Even the most straightforward of agreements carries some degree of complexity. Make sure that you have help to draft contracts where the well-being of your business is at stake.

• Neglecting to Work with an Experienced NYC Commercial Contracts Attorney. Choose to have an advocate by your side who has negotiated commercial agreement,s both large and small. No matter your area of business, the Knox Law Group can assist to ensure your contract fits your needs and leaves nothing to chance.

Contact the Knox Law Group today for a Consultation Regarding Your Commercial Contract

Avoid these commercial contract errors by contacting the Knox Law Group today. We serve NYC businesses and understand the complex nature of commercial contract drafting. Our clients get our best efforts day in and day out. See for yourself by arranging to speak with us about your circumstances.