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Businesses can find connections to new contracts

| Jun 19, 2020 | Corporate Contract Law |

Some of the earliest business contracts in United States history were government contracts. North Carolina was making deals with private entities and business in the 17th century. Now, government contracts are a big part of commerce for the Tar Heel State and many of the businesses based there.

Services can connect businesses with many of these opportunities. The North Carolina Military Business Center, for example, is the main interface between in-state private enterprise and the government contracts they may be competing to obtain. This simplifies the process of finding contracts and diversifies the number of businesses who apply.

“Our mission is to leverage military and other federal business opportunities to expand the economy, grow jobs and to improve the quality of life in North Carolina,” said the center’s executive director. “It’s all about growing the military economy as a means of expanding the tax base and bringing revenue into the state.”

Military spending alone accounts for 12 percent of the Tar Heel State’s budget. One of the center’s objectives is to raise the profile of small business on the government’s radar since they have historically had more trouble finding contracts they can fulfill. They may also be more wary of legal action if the contracts cannot be fulfilled.

An attorney is often a good entry into this world, as a lawyer can help gauge a business’ success in a new contractual relationship. Legal representation is often very helpful if a dispute comes up in a contract, either when it is being formed or after it has been signed by all parties.

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