Business Contracts

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Our Address

Fillmore Spencer LLC

At Jamestown Square

3301 North University Avenue

Provo, Utah 84604

(801) 851-1266

Helping Utah Valley Businesses through Enforceable and Understandable Contracts that Minimize Risk

Providing methodical, responsible business contract drafting, negotiation, due diligence and dispute resolution

Fillmore Spencer LLC provides large and small enterprises in Utah with counsel and representation over a range of legal issues involving business contracts.

We assist small businesses and corporations by drafting, negotiating and vetting and revising:

  • Merger and acquisition agreements
  • Real estate contracts
  • Dealer and distribution agreements
  • Development contracts
  • Warranty agreements
  • Employment contracts
  • Independent Contractor agreements
  • Technology licenses
  • Supply contracts
  • Non-disclosure and non-competition agreements

We also represent plaintiffs and defendants in business disputes aiming to resolve business contract-related matters, such as breach of contract, breach of fiduciary duty, tortious interference with contractual relations and owner disputes.

Providing sensible solutions to contract and other business disputes

Most business disputes revolve around contractual responsibilities. Among the most common include:

 

  • Late or nonpayment of invoices
  • Delay in delivery
  • Overall quality of goods or services
  • Staff timeliness or work quality

 

We structure sound buy-sell agreements to avoid LLC, partnership and shareholder disputes

Buy-sell agreements are a good way for a closely held company — partnership, limited-liability company (LLC) or corporation — to control ownership transfers after a shareholder’s death, divorce, bankruptcy, retirement or “cash out” event.

The agreement dictates who can buy the outgoing owner’s portion of the business and establishes a fair price. Using buy-sell agreements to limit the number and type of members or shareholders can prevent the introduction of new owners, and keep ownership of a family business within the family.

Drafting a written agreement that spells out what will happen can save time, money and hurt feelings when change arrives. It can also provide valuable business continuity.

Most buy-sell agreements presume cash is available to affect the purchase. LLCs, corporations and partnerships often use life insurance policies to underpin buy-sell agreements — in a cross-purchase agreement, one owner insures the life of the other. Should the other owner die, the death benefit can fund purchasing the share.

 

Breach of contracts

A breach of contract occurs when one party to a written or oral agreement fails to honor the contract. In Utah, statutes of limitations allow four years for the filing of charges relating to breached oral contracts, or six years for breached written contracts.

Business runs smoother with well-written and well-provisioned contracts

Contract disputes often lead to costly delays, particularly if there are other parties depending upon the work to be delivered. To learn more about how the business attorneys at Fillmore Spencer LLC ensure the quality of contracts upon which an enterprise relies, call us at (801) 851-1266 or contact us online today to schedule an obligation-free initial discussion.

Fillmore Spencer LLC is located in Provo, UT and serves clients in and around Eagle Mountain, Highland, Lindon, Orem, Provo, Pleasant Grove, Saratoga Springs, Springville, Elberta, American Fork, Wallsburg, Alpine, Mapleton, Midway, Lehi, Spanish Fork, Cedar Valley, Draper, Heber City, Payson, Salem, Goshen, Sandy, Santaquin, Riverton, Duchesne County, Juab County, Sanpete County, Summit County, Utah County, Uintah County and Wasatch County.