Saturday, February 28, 2015

If I need to work with independent Coaches for my business.Is it OK to purchase a Legal Agreement online?

Question

If I need to work with independent Coaches for my business.

Is it OK to purchase a Legal Agreement online?



Answer

One can say you should or you shouldn't use a legal agreement you find online. What I can say is that it is a "buyer beware" situation in that 1) you are not aware who drafted the agreement; 2) You are not aware whether the clauses/law the agreement is based on are still accurate; 3) you are not aware whether that is the right agreement for you; and/or 4) You dont have someone to provide any feedback concerning your needs.

A good example is if you make the mistake of purchasing a legal agreement to start an LP versus to start an LLP. That L makes a huge difference. My suggestion is always that there are somethings you can't cut corners on. Three are legal, accounting and medical services. It may cost a little more but its better to have an experienced business attorney assist you. Our office handles matters in Texas related to business but I know several Texas business attorneys who I can refer you to as well.



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