When an individual or partners are in the early stages of a new Florida business venture, sprits are often high. The future is wide open, and any level of success and personal fulfillment can be imagined. This high level of enthusiasm is an excellent source of positive momentum for newly formed businesses, but is not sufficient to ensure success and avoid a future business dispute.
An important part of any new business venture involves protecting against future disputes. It can be difficult to project future difficulties, but every effort should be made to minimize problems before they arise. A large part of that effort involves drafting clear and relevant contracts that outline the expectations of all parties.
Contracts can help dictate the interactions between employers and employees. By having a clearly defined set of expectations, staffing problems can be handled efficiently, and the business can be protected against claims of wrongful terminations. In addition, relationships with suppliers, vendors and others whose efforts will support the business can all be improved by use of clearly drafted contracts. In addition to outlining expectations, having a solid body of contracts can help business owners protect their interests in the event of a lawsuit.
At the onset of any business venture, the overall tone is usually positive. However, an important part of preparing for success is addressing business dispute issues that could arise during the course of business. Florida business owners who are unfamiliar with employment and contract law are well advised to seek assistance in preparing these tools.
Source: The Patriot-News, “Starting a small business: Taking a leap of faith, eyes wide open,” John Luciew, April 1, 2013