Massachusetts business owners enter into agreements with other parties for goods and services all the time. More often than not, both parties fulfill their responsibilities under those contracts, and everyone goes about their business. Unfortunately, not all agreements end this way.
Part of doing business is getting paid for products or services. When Massachusetts businesses encounter clients or customers who fail to pay on their contracts, a friendly reminder call or email may not be enough. If it becomes necessary to take additional steps, sending a demand letter could be the next step before taking more formal steps, such as filing a lawsuit.
It seems as though every year cable viewers here in Massachusetts and elsewhere could lose the ability to watch cable channels they rely on for news, sports and other entertainment. At the end of 2018, those customers were at risk of losing channels owned by Disney if they use Verizon Fios for access. When contracts come up for renewal, one party may take the opportunity to negotiate a better deal, which should only be done when that party is willing to walk away.
A disgruntled Massachusetts police chief is suing the town for which he works along with a couple selectmen who opted not to renew his contract. The chief, who works for the town of Milford, about 25 miles southwest of Boston, filed a contracts lawsuit against the town and two selectmen, who he says have no say in whether his contract should or should not have been renewed. Alleging that the decision sullied his reputation, he is suing for more than $500,000.
When entering into an agreement with a client or customer, a Massachusetts business owner expects to be compensated for the goods or services provided. Payment is a big part of business contracts. When those payments don't come, it interferes with the company's bottom line and ability to thrive.
Massachusetts business owners tend to form relationships with vendors, suppliers and other businesses that help them thrive. Cementing those relationships often includes the use of contracts. Owners have more than likely heard about "breaches" of contracts, but may not quite understand what that means for them.
Business disputes are nothing new. It would more than likely be nearly impossible to find any two people who always get along, whether here in Massachusetts or elsewhere. For this reason, contracts are an integral part of the business world. In addition to outlining the agreement with the parties, they also tend to keep the parties in check since they know what could happen if one of them fails to hold up his or her end of the bargain.
When entering into an agreement with another party, it should be in writing. That may seem like some of the most obvious advice when it comes to contracts, but some Massachusetts residents may understand why it may need to be said. Other basics that need to be included in order for a contract to remain valid are discussed below.
Massachusetts business owners often enter into relationships with other businesses. When doing so, they more than likely enter into contracts governing those relationships. Even though contracts require a certain amount of legal language in order to ensure they hold up in court, many people are moving toward using simpler and more user-friendly language in them in order to help alleviate misunderstandings and confusion.