Having a small business in Calgary is an advantage because the province of Alberta is very supportive of business owners.
So, when you put up a small company, you can access business programs that offers coaching, financing and training, and information about market expansion and grant funding. You’ll surely have the support you need to successfully run a small business in Calgary.
But support is not everything in business. You’ll also need the help of business agreement lawyers in Calgary because once your company operates, you’ll face numerous problems, especially concerning legal agreements.
It’s unfortunate to face contract issues while running your business. But it happens. Thankfully, there are steps to solve these problems quickly.
Step 1: Re-evaluate the contract.
Go back to the contract and review its contents, especially the terms and conditions of the transaction. With a solid contract, you will quickly see where things went wrong, such as forgetting specific details stated in the agreement.
It’s common to forget contract clauses, especially when the transaction or business partnership has been going on for a while. So, you need to verify the contents of the contract again to avoid accusing the other party of failing to meet expectations.
Step 2: Resolve the issue between the parties involved.
After checking the contract and learning that you’re at fault, immediately find a solution and fix the problem to avoid liabilities.
But when the other party is behind the conflict, remind them of the contract and give them a chance to make things right. This situation emphasizes the need to include an agreement for solving disputes in the contract. It will help fix the issue without breaking business relationships.
Unfortunately, when a reminder is not enough to get positive action from the other party, sending them a formal breach of contract letter might be the catalyst to a solution.
Step 3: File a lawsuit.
When things go from worse to worst, the next step you can take is to file a lawsuit.
After reviewing the contract and proving you’re not the cause of the problem, but your business partner or the client refuses to find a solution, it’s time to seek the court’s assistance. Your lawyer will guide you and help you prepare the necessary documents to show the judge.
Once a breach of contract is proven, the judge will demand the other party to fulfill their role and take responsibility. Or, they will be liable for damages and pay you the necessary amount.
However, business problems do not always end in court. Informing the other party that you will file a lawsuit alone can be enough to make them move and sort out the issue.
Sadly, not all transactions or partnerships become successful. But, as long as you fulfilled your role and acted as stated in the contract, you won’t be liable for damages when business operations fail.
And this is one reason why business agreement lawyers in Calgary stress the importance of having a clear and solid contract. These documents will protect you and your business when problems arise in the partnership.
Having the support, guidance, and advice of business lawyers is what you need to grow your business and reach your goals.