CALGARY CONTRACT LAWYER

Contact Neufeld Legal PC at 403-400-4092 or Chris@NeufeldLegal.com

Contracts are the lifeblood of commercial business. Contracts provide the framework through which business relationships are controlled, enabling each of the parties to attain their agreed upon benefits, while providing appropriate protections against violating the settled terms and conditions. In turn, the value of an excellent contract, which has been skilfully negotiated and precisely written, is rarely evident - until one of the parties attempts to breach the contract (with the potential for such a violation having been substantially reduced by the knowledge that any violation will have serious repercussions).

Conversely, when contracts are poorly negotiated and/or written, they can become a source of unending anguish and drain on a business' financial resources. Experienced contract negotiations and drafting will enable you to avoid these disasters, by avoiding the traps and pitfalls that other businesses all too frequently fall prey to. You should always be looking to solidify your business relationships with well-structured contracts, so that you can focus on your core business and not the distractions that arise from disputes that lack a clear contractual formula for resolution.

  • Business Formation Agreements and Operating Documents: Our law firm can assist entrepreneurs and business owners commencing new business enterprises. We regularly assist business clients with creating partnerships, joint ventures, corporations, and more. Creating any type of business entity requires carefully considering the implications of the selected entity type. It also involves drafting and registering the appropriate formation, operating, and governance documents. These contracts will form the organizational foundation of your new entity. We can ensure they are written in accordance with your objectives and meet the requisite regulatory requirements.

  • Joint Venture Agreements: Joint venture agreements enable two or more existing businesses to combine resources in pursuit of a common goal. Participants in a joint venture collectively share responsibility for profits, losses, and liabilities, and underlying agreements should be carefully drafted to specify each party’s obligations to the arrangement. We can help explore joint venture agreements and ensure your business’s interests are protected.

  • Investment Agreements: Investment agreements are legally binding contracts between an investor and a corporation, which outline the terms and conditions under which an individual or group of investors shall provide capital to the corporation in exchange for a return on their investment, often in the form of an ownership stake.

  • Business Loan Agreements: Business loan agreements are legally binding contracts between a lender and a borrower that outlines the terms and conditions of a loan provided for business purposes. It is a comprehensive legal document that details the obligations and rights of both parties, ensuring clarity and providing a framework for the repayment of the borrowed funds.

  • Guarantee Agreements. Guarantee agreements are legally binding contracts where a third party, known as the guarantor, agrees to take responsibility for the debt or obligations of another party, the debtor, in the event that the debtor fails to fulfill their financial commitments. The guarantor is legally obligated to fulfill the terms if the primary party defaults, and this can have serious consequences for the guarantor's own finances and credit history, such that guarantee agreements must be approached with adequate consideration and caution.

  • Non-Disclosure Agreements. Many businesses rely on trade secrets and proprietary information to remain competitive. Nondisclosure agreements can help safeguard these sensitive assets and should be signed by employees, independent contractors, vendors, clients, and anyone else that comes into contact with your business’ proprietary materials.

  • Intellectual Property Agreements. If your business has copyrights, trademarks, or patents that you wish to license for limited use to another party, you will need intellectual property agreements that define the scope of the license, terms of use, and compensation. We can help you prepare, negotiate, and implement these types of contracts and enforce their terms.

  • Indemnity Agreements. In certain types of businesses and environments, indemnity agreements can be necessary to protect your business from tremendous liabilities and losses. We can evaluate your operations, advise what types of indemnity agreements may be necessary, and help you draft, negotiate, and implement the appropriate documents.

  • Employment Agreements and Independent Contractor Agreements. Your business must carefully and specifically define its relationship with its employees and independent contractors to help avoid future conflicts. Most agreements of this type will include a thorough job description, a schedule and employment period, details on compensation and benefits, terms of employment, methods of dispute resolution, and any relevant or necessary privacy or nondisclosure clauses. We can work closely with you to determine what elements make sense for your company and implement them in your employment and independent contractor agreements.

Our law firm provides strategic legal advice, review and drafting of commercial business contracts to businesses in Calgary and beyond. Schedule an initial consultation with our law firm to learn more about how our extensive business contract legal experience can benefit your business. Call 403-400-4092 or email our law firm at Chris@NeufeldLegal.com today.

Business Contract Review