When should a business negotiate in a contract with a customer or vendor an attorney fee provision

Описание: Attorney Dan Marr from the Nashua, New Hampshire law firm of Hamblett & Kerrigan discusses strategies as to when it is in your business interest to negotiate an attorney fee provision in a contract with a vendor or customer. Attorney Marr discusses the American rule of attorney fees that is both sides pay their own attorney fees absent generally a statute or a contract that says otherwise. He discusses the strategy of when your business in one deal may want an attorney fees provision that states the prevailing party gets its attorney fees and when your business may not want such a provision if your business may later want to be able to test your legal rights in court when the facts or law are unclear without the risk that if you are incorrect you have to pay not only your attorney fees but also the attorney fees of the other side. He also discusses a one sided attorney fee provision that only gives you the right to collect attorney fees when you have leverage, like your bank has in its loan documents with your business. Attorney Marr has been licensed and practices law in New Hampshire for approximately 38 years and in Massachusetts for approximately 30 years representing professionals, low tech and high tech manufacturers and service providers, educational institutions, resellers, franchises, and more. He can be reached at 603-883-5501 and to view more of his weekly vlogs you can go to the firm website at nashualaw.com, click his bio, then view the vlog topics for those of interest to you or you can search directly his name on YouTube.