1400 Gables Ct #103 Plano, TX 75075
5601 Bridge Street, #300, Ft. Worth, TX 76112

More Insights from Dallas Business Attorney on Bad Vs. Good Contracts

Dallas business attorney, Richard “Ric” Armstrong, discusses principles for writing clear, concise contracts that promote healthy business relationships.

In contrast to bloated, complicated business contracts that basically invite friction between two parties, a well-written agreement actually serves to lubricate the relationship, enabling the two to work together amicably. Let’s talk briefly about what such a contract looks like.

• A good contract is detailed, yet concise. It’s okay to have all your bases covered when drafting an agreement; just make sure the language is simple and clear enough that both parties understand the terms.
• A good contract seeks to simplify rather than confuse. Remember, the goal is not just to protect your interests, but for both parties to know their rights and responsibilities so they can abide by them.
• A good contract clarifies and defines important terminology. If your business utilizes industry-specific terms or “jargon,” make sure you define those terms when they are used in the contract so the other party understands them in the same way you do.
• A good contract defines a clear path for resolving disputes. When appropriate, consider including alternative remedies such as mediation to avoid expensive lawsuits.

Additional Points to Consider

• Clarity breeds trust and goodwill. Remember, you want the other party to understand the terms, just as you do. Ambiguity makes both parties feel defensive; clarity is disarming.
• Know the person(s) with whom you do business. Bad contracts often emanate from dishonest people. Thus, one of the best ways to avoid a bad deal is not to enter an agreement with someone you distrust in the first place.

Finally, to ensure your business contract is both concise and sound, enlist the help of an experienced Dallas business attorney to evaluate your agreement or to write it for you. For an appointment, call Armstrong The Law Firm, P.C., today at 972-424-L-A-W-S (5297).

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Armstrong The Law Firm, P.C.
Plano Location
1400 Gables Ct #103
Plano, TX 75075

Fort Worth Location (By Appointment Only)
5601 Bridge Street, Ste. 300
Ft. Worth, Texas 76112

Phone: (972) 424-5297