Contracts & Agreements

Ideas are only valuable if they are implemented, and intellectual property is only valuable once the underlying product is released into the world. Whether it is visual art, a software application, or a mechanical tool, the goal is to deliver it to others, often as widely as possible. Developing, marketing, and distributing a product usually requires collaboration with others, and any step involving another party should be set out in a written agreement.

Contracts are communication tools first, and enforcement tools second. They can plan a course of action, define roles and incentives, protect assets, and ensure that agreements are carried out as intended. They are essential tools for structuring complex relationships and reducing uncertainty. By addressing key issues in advance, contracts help prevent disputes before they arise.