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Flat Rate Contract Review: $20/page

Reviewing Contracts

An aggressive rate, an aggressive offering

Attorneys are loath to quote fixed-fee or flat-fee pricing for good reason: Everyone’s needs are different, and it’s very difficult to cast a broad and generalized brush for everyone, so as to be able to publish a “rate” for a specific offering. Especially involving legal matters.

The phrase “one size fits all,” doesn’t apply to contracts. 

Let me give you some examples. Take a vendor agreement, and give the exact same contract to two different business owners. Business Owner A (BOA) has a “lifestyle business,” and is in business for the long-haul. Business Owner B (BOB) has a fast-growing, high-tech, Internet-based startup, and hopes to have a “successful exit” in the next 18 to 24 months. With just those basic facts, it’s somewhat easy to surmise some key differences between these two businesses, and how a vendor contract should be constructed. BOA would probably opt for a longer term contract, if it meant more favorable pricing or terms. BOB would probably prefer a shorter term contract. Likewise, BOA could probably accept stiffer early termination penalties in exchange for lower pricing. And BOB would probably prefer lower early termination penalties, accept higher pricing in return.

People, and their businesses, are as different as there are colors in the rainbow. And, the contracts they sign must be tailored to their specific needs.

This is why it is so difficult for us attorneys to provide flat-rate or fixed-fee pricing. There are just too many factors.

Flat rate contract review. Predictable. Affordable. 

Despite this problem, I am determined to provide flat-rate pricing for contract review. Without flat-rate pricing, it is my belief that small business owners will avoid hiring attorneys except for the most important, or risky contracts, electing to do a quick review themselves without the professional review of a seasoned attorney. By providing flat rate contract review, it is my hope that small business owners will benefit by involving legal representation in more of their contracts, because they do not need to fear the high-cost of unknown legal bills.

How Flat Rate Contract Review Works at L4SB

$20 per page, minimum 5 pages.

That’s it. No gimmicks. Aside from reviewing your contracts, L4SB provides 30 minutes of consultation per matter. Consultation covers an initial conversation about your goals, objectives, concerns and priorities given the contract; as well as a discussion of the issued identified after the review.

What does a contract review provide?

Our flat rate contract review involves an attorney (1) consulting with you in the beginning, (2) thoroughly reviewing all the contracts for a given matter, and (3) discussing their findings with you at the end.

Findings include an identification of any errors and issues within the contract. This could include typos, as well as structural, logical or legal defects within the contract(s). It includes an identification of any potential financial, legal and business risks. It includes suggestions on what to negotiate.

Law 4 Small Business (L4SB), based in Albuquerque, New Mexico, is the home of the flat-rate contract review and is a law firm devoted to the needs of small and medium business.

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2 comments

  • Alfred Miller /

    I am looking for legal reivew of an LLC agreement document that I am considering. I have concerns about the liablility in case of disputes.

    • Hi, Alfred.

      L4SB would be happy to review all the relevant documents (i.e. usually the Articles of Organization, at a minimum) to help you understand the issues for liability. This can be done under the $25/page flat-rate contract review program L4SB has.

      Note, however, that there are a number of forms of liability, and even if you’re just concerned about “piercing the corporate veil” for your limited liability company, it would depend on a number of circumstances that simply can’t be addressed by the Articles of Organization alone.

      While it’s not easy to pierce the corporate veil, there are a number of circumstances that could make this a risk for you:

      (1) Not following corporate formalities.
      (2) Commingling personal and corporate funds.
      (3) Committing fraud, or personal breach of contract or tort.
      (4) Shell of a company (i.e. zero capital or grossly undercapitalized).
      (5) Misrepresentations in corporate formation or status (i.e. misrepresenting the members).
      (6) Treating company assets as your own.

      The list goes on. Please call at 505-715-5700 to discuss at your convenience.

      Thank you. Larry.

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