Suppliers and vendors draft their agreements to maximize revenue and term commitments from customers. These form agreements typically shift all the leverage to the supplier at the expense of your business.
Who is watching your interests?
Vendor agreements often have "hidden flexibility" that can be accessed by a seasoned lawyer who knows what to ask for and acts as your advocate for the best possible terms, both legal and business.
Business owners and operational management usually focus on price and speed of delivery when bringing in a new supplier. While these are key issues, your business can often be hit with unpredictable fees, termination penalties, unwanted term renewals with additional revenue commitments, and other onerous terms.
An experienced deal lawyer knows how to negotiate fair legal and business terms to get you what you need without the baggage. Virtual General Counsel can provide a full contract review, identifying and eliminating:
Key areas of unfair legal exposure;
Hidden or escalating fees or revenue commitments;
Unfair termination penalties, especially dangerous when trying a vendor for the first time;
Unwanted business terms buried in boilerplate; and
Vendor-favorable language that overreaches industry custom.
Virtual General Counsel will work with you to maximize the flexibility and benefit you receive from your supplier arrangements.
Equally important, Virtual General Counsel knows how to help you manage and, if necessary, terminate your supplier relationships: if you've received substandard products or services, or no longer need a vendor, you'll want to part ways upon the best terms with minimal exposure. Virtual General Counsel can also help you settle or restructure your payables -- to as little as a few cents on the dollar -- to best match your cash flow and protect your business.
Virtual General Counsel offers cost-effective vendor contract review with fast turnaround times and comments and revisions tailored to your business needs and concerns. By using a VirtualGC you will have access to a veteran negotiator who has closed deals and negotiated payables with some of the world's biggest and most difficult suppliers.
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