When you need to protect your company, there are some legal documents that are commonly used on a regular basis. Here are three kinds of business legal forms that entrepreneurs like you use to save time and money.
1. Business Legal Forms For Running Your Company On A Daily Basis
Two of the most common legal documents used to protect a business are employment agreements and independent contractor agreements.
Employment contracts are used by businesses to protect themselves by creating a clear employer-employee relationship that reduces the likelihood of being sued by workers or having an unhappy employee quit because of a misunderstanding as job responsibilities, compensation, and other employment matters.
Independent Contractor Agreements
When your business outsources work to another company or an individual working as a freelancer, a written independent contractor agreement is essential for many reasons to protect you. This includes determining who owns the intellectual property created by the contractor, making it clear the agreement does not make those working on the project your employees, setting deadlines for completion of milestones and projects, and other important provisions.
Without an independent contractor agreement in place, a disgruntled worker could claim employment status when suing you or filing for unemployment or workers compensation.
2. Business Website Legal Templates
Company websites need key website legal documents to protect themselves from lawsuits, government investigations, and unhappy customers defaming the company online in social media.
Refund Policy and/or Returns Policy
Your site’s refund/returns policy is extremely important in maintaining customer relations. First, the policy lets prospective visitors know under what circumstances they can ask for a refund. If you’re selling physical products, the policy also explains how and when the purchased item must be shipped back to you in order to obtain a full or partial refund.
3. Legal Documents That Protect Your Intellectual Property
Intellectual property (copyrights, patents, trademarks, service marks, etc.) are valuable assets for companies like yours. This means you’ll want to protect these assets from theft or misuse.
The types of intellectual property business legal forms you’ll use in your business will depend upon the particular transaction that involves these intangible assets. Common intellectual property transactions include licensing, buying, selling, assignments, and releases.
Where Do You Get Your Business Legal Documents For Protection?
Although there are other legal documents you’ll use in your business, these are the three most common types. If you’re not paying for an experienced business attorney to prepare customized documents every time you need protection, you may choose to use professional grade legal forms instead when time or cost is important to you.