In Colorado, and everywhere else in the United States, business contracts are put in place to ensure fair business practices between two or more business entities. The contract outlines the duties and responsibilities of the business partners. Business contracts may be in the form of a sales contract, real estate contract, construction management contract, development contract or contract for builders. Business owners understand that failure to follow what is written in the contract can result in disputes.
Public-private partnerships are becoming increasingly common in local communities throughout the United States. While such partnerships can provide huge benefits to governments in the form of cost savings, and businesses in the form of revenue, such arrangements are not without their complications. In fact, one of the most difficult aspects of public-private partnerships involves negotiating business contracts and the all too common contract disputes that can follow.