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levy and parthners

CONTRACT REVIEW & NEGOTIATION

One of the practice areas at Levy & Partners is business transactions and corporate law. The Firm can provide the knowledge and experience of a large firm, while giving our clients the hands-on service and attention to detail that only a smaller firm can truly offer. Our lawyers regularly go beyond the customary services, tailoring their work to the specific needs of each client.

Our services include forming a business and addressing the initial corporate formalities to the more complex transactional matters, sometimes involving international parties located in several different jurisdictions overseas. We have drafted an expanding number and variety of commercial contracts, including employment and severance agreements, leases, sale of business transactional documents, private placements, shareholder agreements, employment agreements, stock pledge agreements, security agreements, corporate resolutions, operating agreements and restrictive covenant agreements. Our clientele in this practice area is diverse and spans from sophisticated high net worth investors to small businesses.

Contract and Agreement Preparation

We advise clients regarding all types of business and commercial agreements. In addition to providing assistance in the strategic negotiation of commercial contracts, our attorneys review and carefully draft most types of business agreements, including, but not limited to, the following:

  • Purchase/Sale Agreements
  • Employment and Severance Agreements
  • Nondisclosure, non-circumvention, non-compete, and non-solicitation agreements
  • Shareholder and LLC Operating Agreements
  • Vendor/Customer Agreements
  • License Agreements
  • Distribution Agreements
  • Royalty Agreements
  • Commercial and Residential Lease Agreements
  • Non-Competition Agreements
  • Confidentiality Agreements
  • Joint Venture Agreements
  • Consignment Agreements
  • Employee handbooks
  • Buy/Sell Agreements
  • Pledge and Security Agreements
  • Promissory notes, mortgages and UCC filings
  • Invoice terms and conditions
  • Business Transactions and Issues

We also provide a wide variety of services to our business clients including, for example, representation in the areas of:

  • Buyer or selling assets or businesses
  • Acquisition of bankrupt and distressed assets or businesses
  • Securities law compliance
  • Partnerships, joint ventures, and partner or shareholder relations
  • Directors’ and officers’ liability
  • Corporate formalities including operating agreements, meeting resolutions and corporate bylaws
  • Corporate Governance
  • Corporate workouts

We invite you to contact us regarding our business transaction and agreement drafting by filing out the contact form on this page.

FREQUENTLY ASKED QUESTIONS

Are contracts required to be in writing to be enforceable?

In some cases, a verbal agreement may constitute a binding contract, but in other situations an agreement must be reduced to writing to become a binding contract. “Statutes of frauds” identify those types of contracts which must be in writing. For example, in Wisconsin contracts for the sale of real estate, leases for real property with a term of more than one year, real estate commission agreements, certain contracts that by their terms are not to be performed within one year, and contracts to pay another person’s debts, must generally be in writing. However, there are exceptions to the statute of frauds rules which may apply. The statute of frauds rules vary from state to state. Equitable remedies may in some cases be available to enforce an agreement that fails to comply with the applicable statute of frauds. Even in situations where a verbal agreement could be enforceable, the best practice is, in most cases, to reduce the agreement to writing to confirm the parties’ understanding and acceptance of the terms.

What are the minimum requirements to form a contract?

Every contract requires three basic elements: an offer, acceptance of the offer, and consideration. “Consideration” can include the payment of money, providing goods or services, or the mutual exchange of promises.

Are some contracts unenforceable or void?

Contracts in some cases may be found to be unenforceable or voidable due to misrepresentation, illegality, unconscionability, duress, undue influence, or incapacity of one of the parties.

When does a breach of contract occur?

A breach of contract generally occurs when a party fails to perform its obligations under the contract and such failure to perform is not excused by the non-breaching party. Examples of a breach of contract include a failure to pay for goods or services, providing defective merchandise, or failing to deliver goods or services under the time frame specified in the contract. A breach may also occur if a party violates a covenant or other term in the contract.

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