Creating Business Contracts

Contracting is a typical activity in business. No contract should be created lightly, even if hundreds of others are made. There are certain steps required to create a fair and valid business agreement.

Type the Document

Business contracts are more legitimate and legible when typed instead of handwritten. The first and most basic step is to make a contract that anyone can read and understand.

Identify the Parties

Identify each party that is obligated to a specific duty in the agreement. Any stranger who reads the contract should know who the parties are, what their duties are and how their rights are protected.

Be Transparent

Every contract must be clear and transparent for anyone to understand. It must include a clearly written outline with columns, headers and bullet points on a plain page layout. To be valid, the agreement must be mutually beneficial between two or more parties.

Outline the Terms of Termination

Every contract should include a list of terms for termination. This clause is necessary to prevent a lawsuit that is costly to either party. Included should be a list of steps required to release oneself from the agreement.

Agree on a Dispute Resolution

Include a form of resolution if a problem occurs. The main options are to go to court or to seek an arbitrator or mediator.

Choose the State Law

It is simple to create a contract for parties in the same state. However, a contract that is valid in one state may not be valid in another. The complications involve different states with different business laws. Whoever writes the contract should choose and apply only one state law to the contract.

Review Examples

Anyone who has never created a particular contract before should review examples first. Every company or organization provides different services and has different legal needs. The same legal document could vary from having one page to over 100 pages. It takes some legal research to know which clauses to include or exclude.

Every business contract should be designed to last for years. Being a lawyer is not necessary to compose a valid legal document. There are certain components that are needed to ensure that the contract remains mutually beneficial to all parties involved.

Published by mattdapore

Based in Columbus, Ohio, Matt Dapore brings his over 20 years of experience in healthcare operations into his current role of Chief Operating Officer at Hillstone Healthcare, Inc. Hillstone, which was founded in 2010 and assumed by Matt and the team in 2013, currently owns and manages 17 nursing facilities in the state of Ohio. The unique thing about Matt – in addition to his professional acumen – is his ability to bring compassion and a constant patient-first mentality to his work on a daily basis. As a direct result of Matt’s guidance, Hillstone Healthcare has grown over the last five years to become an actively growing management company. Matt Dapore’s work in healthcare extends farther back than his college days, as he started working with adults with developmental disabilities at only 13 years old. Ever since then, Matt has pursued his passion for caring for the elderly and spreading his passion for compassion. Prior to his work with Hillstone, Matt was an Administrator at Provider Services for almost six years, where he operated multiple facilities through acquisitions and turnarounds. During that role, he negotiated labor contracts with SEIU, implemented and educated Person Centered Care programs on a company wide basis, and operated all homes at a 25-30% profit margin. Prior to that, Matt was also an Administrator at Altercare of Ohio, Wallick Properties, and Director of AIT at St. Leonard Center. Upon graduating college he served as a Recreational Therapist at St. Francis, St. George Hospital. Matt serves as President of the Board of Directors for the Ohio Person Centered Care Coalition, and Board Member for the Ohio Academy of Senior Health Sciences. He is the five-time recipient of the Ohio Academy of Nursing Homes Outstanding Survey Award (2006-2010). Matt Dapore is a graduate of Ohio University with a Bachelor of Science in Therapeutic Recreation. For more on Hillstone Healthcare, be sure to check out their website here. For even more, be sure to follow Matt online for the latest insights and updates!

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