What types of business contracts should every company have?

A:

When setting up a company, it is essential that business owners have an arsenal of business contracts for their many different business needs that could include operations, sales, employment, and finances.  Additionally, there will need to be contracts in place regarding the company structure and the working relationship of all internal members. Some of these contracts can include:

• Operational agreement
• Partnership agreement
• Joint venture agreement
• Shareholder or stockholder agreement 
• Franchise agreement
• Indemnity agreement
• Real property leases
• Equipment leases
• Agreement to sell business
• Assignment of contract

Many new businesses do not start off with having the necessary business contracts in order to protect themselves and limit their liability. Some Texas business contracts that may be necessary for your business could include:

• Employment contracts
• Sales representative agreement
• Independent contractor agreement
• Consulting agreements
• Vendor contracts
• Distributor agreement
• Non-compete agreement
• Non-disclosure agreement
• Confidentiality agreement

If your business involves the sale of goods, you will need to have the following contracts:

• Purchase order
• Bill of sale
• Warranty and limited warranty
• Security agreement 

There are a multitude of business contracts that your company may need, depending on the nature of your business. If you would like to find out what business agreements and contracts you might need, please call the Posey Law Firm. Our Austin contract drafting lawyers can make sure you have the necessary contracts in place. We can be reached toll free at 888-269-1962 or locally at 512-646-0828 to schedule a consultation.

Jake Posey [email protected]

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