A contract is more than a piece of paper — it’s your guide to a smooth business relationship. With so much to cover in one document, there’s little room for error. Just one typo or misplaced comma can lead to big issues later on.
That’s why it’s best to work with an experienced contract lawyer in Denver who can craft, review, and negotiate contracts on your behalf.
Contact the Lantz Law Group today at 719-212-2022 to learn more about our contract services.
Colorado Contract Law
Every business owner should understand the basics of contract law in Colorado so they’re informed before entering into agreements. Here are the basic principles of a contract:
Formation and Acceptance
A valid contract is formed when one party makes a clear offer and another party accepts it. Both parties must understand the terms, and something of value must be exchanged for the agreement to be binding, such as goods, services, or a promise to do something. The parties must have the capacity to enter a contract, meaning they must be of sound mind and free of undue influence.
Terms
Contract terms should be clear, concise, and complete to avoid misunderstandings. Terms cannot violate any laws or regulations. Both parties must act honestly and fairly throughout the contract’s performance; withholding information or entering terms based on fraud can render the contract voidable.
Performance and Breach
Each party has specific obligations under the contract that they must fulfill. If a party fails to uphold their end of the agreement, they’re said to have breached the contract. Breaching a contract can have severe financial and reputational consequences.
Oral vs. Written Contracts in Colorado
Colorado recognizes both written and oral contracts, and both are enforceable. However, it’s harder to prove verbal agreements were made, and some agreements must be in writing to be enforceable. Under C.R.S. 38-10-112, you must have contracts in writing for:
1. Every agreement that, by its terms, cannot be performed within one year of its making,
2. Every special promise to answer for the debt, default, or miscarriage of another person,
3. Every agreement, promise, or undertaking made upon consideration of marriage, except mutual promises to marry
Types of Contracts We Handle
Our business contract lawyers in Denver can help with:
- Contract drafting, review, and negotiation
- Employment agreements
- Lease agreements
- Shareholder and buy-sell agreements
- Consulting agreements
- Non-disclosure agreements
- Vendor and supplier agreements
- Licensing arrangements
- Purchase and sale of business or assets
- Purchase or redemption of shareholder or member interest
- Structuring exit strategies
- Commercial transactions
- Website terms and conditions and privacy policies
“Eric set up my terms and conditions for my travel agency...
and helped me write up all my contracts. He is communicative, patient, extremely knowledgeable and my go-to attorney for anything my business needs. I highly recommend Lantz Law Group!
Michele Friedmann
Call our Denver Business Contract Lawyers Today
A well-drafted contract is a valuable asset that can save you time, money, and stress in the long run. The contract lawyers of the Lantz Law Group understand this and can help you with all your contract needs.
Call 719-212-2022 or contact us to schedule an initial consultation with a Denver business lawyer.