Chris WiserSerial Entrepreneur and MSP Growth Catalyst

Are your business contracts enforceable?

Name: Are your business contracts enforceable?
Uploaded: 2024-05-02T19:23:56Z
Channel: Chris Wiser
Description: A short advice video by Chris Wiser stressing that business contracts must be enforceable. The speaker recommends consulting local counsel…

2 May 2024

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A short advice video by Chris Wiser stressing that business contracts must be enforceable. The speaker recommends consulting local counsel (state/city-level) to ensure contract terms work in a jurisdiction and suggests clearly communicating your goals to attorneys so they can craft efficient, outcome-focused contracts. The tone is practical and advisory.

You need to make sure that any contract that you are going to use for your business is enforceable. Yes, right. Otherwise you're just spinning your wheels. And in order to ensure that it's enforceable, you hire a local council or you just have a consult with a local council in your state, in your city who can tell you this term will work here or this term won't work here and you can tweak it. It's also important when you're having those conversations with council and we actually will provide this service to some clients as well, is to understand what your goals are when you're having these contracts put in place. What are you trying to achieve that will really help? A good attorney will want to know that so that they can really help you get to the end point in as little steps as possible. And that way you feel like you're on a team, I think with your attorney as well.