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Schaumburg employment lawyerStarting your own business or becoming your own boss can be a dream come true for many people. In the business world, contracts are essential because they outline the work to be performed as well as the prices that must be paid for services. In general, a contract clearly states the expectations of all the involved parties, whether it is for salaried, hourly, or freelance employees. Additionally, these legal documents can protect the parties if those expectations are not met by designating the consequences for any breach in the agreement. When one party does not hold up their end of the bargain, as they say, the other party may take legal action. An experienced business attorney can make sure that all the necessary information is included in a contract to safeguard against disagreements that may affect a business owner’s livelihood. 

Contract Basics

Verbal agreements or simply handshakes are not legally enforceable in the business world, since it can result in a “he said, she said” situation. For example, if a vendor agrees to perform a specific service but the cost is not put in writing, then a business owner may be faced with an astronomical bill or invoice to pay for services rendered. 

Similarly, employee contracts should include a policy manual that states what is and is not acceptable. For instance, the manual should clearly state any dress code, Internet and cell phone use policies, and other important regulations. It should also explain the company’s discipline policy. In most cases, failure to follow the outlined guidelines can lead to the termination of workers. If these issues are not addressed ahead of time, employees may take advantage of business owners by showing up late to work, making personal phone calls, taking long lunches, and more.  

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Posted on in Contract Disputes

Schaumburg business contract dispute lawyerA contract is defined as a legally binding agreement that recognizes and governs the rights and duties of those involved, whether it be two or more parties. An agreement typically involves the exchange of goods, services, money, or the promise of doing so later on. In today’s business world, contract disputes are fairly common, regardless of the industry. When an agreement is drafted and signed, this binds the parties together for a period of time. However, when one party deviates from the terms of the agreement, this is known as a breach of contract. Employees usually have to sign a contract before starting work with a company. This can also apply to freelancers or independent contractors.

Breach of Contract

Contract disputes typically arise as a result of one party not abiding by the terms of the contract. This can occur when a person does not perform his or her obligations or fails to comply with the rules in the agreement. In some cases, the legal agreement may have left out important information that causes a dispute. In other situations, a person may falsely represent his or her qualifications for a job or project.

Another major reason for breach of contract stems from the interpretation of the terms between the parties. When two parties disagree about the meaning of their respective responsibilities, that can cause problems. If an individual does not uphold his or her obligations outlined in the contract, the other party can file a lawsuit under the claim of a breach of contract.

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1051 Perimeter Drive, Suite 400
Schaumburg, IL 60173
Phone: (847) 995-1205

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