Business-ContractsOur Chicago business attorneys protect our clients’ interests by appreciating the fragile nature of their business deals and translating these interests into well thought out business contracts. Understanding our client’s objectives is essential in the formation of a business contract. While understanding the client’s objectives is an important aspect of all phases of the business deal process, it becomes essential in the process of drafting business contracts because this requires consideration of various issues, subtleties and approaches.

All clients are different. What is important to one client depends on his or her experiences, risk tolerance, needs, and other considerations. Ultimately, whether a buyer or seller, lessor or lessee, the ultimate objective is to complete the business transaction on a reasonable basis. What is considered reasonable depends on various factors and the individual weight given to these factors. Our Zeller attorneys take the time to appreciate the nature of the deal at hand as well as the preferences and objectives of our client in order to best represent his or her interests when preparing business contracts.

Our Zeller attorneys protect our clients' interests by appreciating the fragile nature of their business deals and translating these interests into well thought out business contracts. While understanding a client’s objectives is an important aspect of all phases of the business deal process, it becomes essential in the drafting of business contracts because of the various issues that arise and the subtleties that need to be addressed.
Once parties agree on the basic terms of a transaction, whether an oral understanding or based on a letter of intent or term sheet, our Zeller attorneys proceed to prepare and negotiate the business agreement. Sometimes this stage is delayed until a condition is met or there is some assurance the condition will be satisfied, but for the most part preparing a draft occurs shortly after the parties have reached a basic understanding.

Typical issues that arise in preparing the business agreement are: determining who will prepare the first draft; what forms, terms, conditions and provisions will the attorney preparing the first draft use as guiding precedence; whom will review this first draft; and how will the draft be distributed. Our Zeller attorneys have experience in drafting and negotiating business contracts as well as anticipating the responses of opposing counsel. We take the time to understand what our clients are willing and not willing to do and we customize our representation to fit the clients’ needs and translate these needs into the written business contracts.