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Business Contracts and Transactions

Contract Preparation, Review & Negotiation

A carefully drafted contract, although not foolproof, will clearly establish the rights and obligations of all parties involved. At the Law Offices of Alvin H. Lee, we understand that all business, no matter how small or large, need contracts and written agreements for all purposes. From customer contractors to employment contractors or partnership agreements to loan agreements, having a rock-solid, ironclad contract in place is crucial. 

"An ounce of prevention is worth a pound of cure." This well-known and often-repeated quote by Benjamin Franklin still holds true. The best defense to and against litigation is establishing clear terms and conditions before moving forward with any relationship. A well-planned and carefully drafted contract can make all the difference in avoiding the necessity of spending thousands to tens of thousands of dollars on litigation. 

Common Business Contracts

There is a type of business contract to cover virtually all eventualities. The goal is to have everything covered to that there are no misunderstandings between the parties involved. Some of the more common types of contracts include, but are not limited to, the following:

  • Asset Purchase Agreement
  • Confidentiality Agreement
  • Employment Agreement
  • Independent Contractor Agreement
  • Management Contract
  • Non-disclosure Agreement
  • Profit-sharing Agreement
  • Sales Agreement
  • Shareholder Agreement/Operating Agreement
  • Partnership Agreement
  • Stock Purchase Agreement
  • Joint Venture Contract
  • Distribution Agreement
  • Assignment Contract
  • Distribution Agreement
  • General Release & Waiver
  • Promissory Note/Loan Agreement
  • Security Agreement
  • Settlement Agreement
  • Commercial Lease Agreement

Breach of Contract Disputes and Litigation

A breach of contract means that one or more parties to an agreement failed, without a legal excuse, to perform their respective obligations required under the agreement. When one party breaches such an agreement, business litigation may become a necessity. 

Some of the more common scenarios that result in a breach of contract include:

  • One party failing to deliver the services or goods according to the terms of the agreement.
  • One party failed to pay for the services or goods that were provided.
  • One party failed to meet the payment terms of a lease, loan or other obligation.
  • One party failed to deliver according to a deadline required by the agreement.
  • Ownership or partnership disagreements or disputes over the terms of their ownership agreement.

When a contract has been breached, the non-breaching party is entitled to certain legal remedies, including:

  • Specific Performance: the breaching party to perform accordingly to their breach of the agreement.
  • Rescission and/or Restitution: the non-breaching party may cancel the agreement and the breaching party must return the non-breaching party to the position it was in before the agreement was breached.
  • Damages: The calculation of financial remuneration by the breaching party to the non-breaching party.

Contact Us Today to Schedule Your Free Consultation

The Law Offices of Alvin H. Lee is a full-service business law firm. From contract drafting, negotiation and litigation, we can help. Contact us to schedule a free consultation. 


(925) 338-9882