Legal Question in Business Law in New York

Joint Venture/Contract

There are 2 companies that offer services my clients will need. I have talked to both of these companies and they agree that this works out for both sides and would like to go through with it. My question is will a basic contract written by me be sufficient enough until I can get a lawyer to thoroughly draft one for us to resign? I anticipate me writing the contract as this...

''123'' agrees to allow ''ABC'' to resell their products to its clients and provide support if ''ABC'' cannot solve the customers problem. ''123'' will bill ''ABC'' directly once a month for any services provided to ''ABC'' clients. ''ABC'' will pay ''123'' whatever it is each month for each service(these words will be replaced by the actual amount).

Will this be good enough to cover me until I can get a lawyer to redraft a more detailed one and what do you think I should add to this.


Asked on 3/16/05, 3:37 am

2 Answers from Attorneys
Michael Green Law Offices of Michael B. Green, Esq.

Re: Joint Venture/Contract

While I would need to know more specifics about your business, their business and the services you intend on providing to your customers, it would be wise to also have language in there limiting your liability, defining warranties, determining how disputes are handled, non-competition and several other issues.

If you are interested in speaking with me for a free consultation, please call me at 516-993-4357 or visit my web site: www.computorney.com. We can discuss the specifics of your relationship with these other companies as well as with your clients and I can give you some general ideas on how you can proceed. This would, of course, all be confidential. If, after our discussion, you would like me to draft a formal agreement for you, I am fairly certain this would take me about a half hour so the charge would be very minimal.

Thank you,

Michael Green

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Answered on 3/16/05, 6:58 am
Louis Venezia Law Offices of Louis Venezia at Union Square, P.C.

Re: Joint Venture/Contract

Every contract must take into consideration the specific needs and requirements of the person for whom it is written. It is generally not a good idea to draft an informal contract because you will find yourself tied to an agreement that you know in advance you want to change. Later, if the other side has no desire comply with your requests for changes, you are stuck with what you have. Your first contract should be drafted by a professional. Short shrift, brief contracts frequently result in disputes and litigation. For general information regarding contracts, please go to VeneziaLawFirm.com and click on "Business Contracts" on the listing on the right hand side of the website.

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Answered on 3/16/05, 10:33 am


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