If you are about to start a business, you need a contract, and a good one, mainly because the purpose of a business contract is to define everybody’s responsibilities and tasks in the most detailed fashion. However, even if you think that you’ve got a pretty clear vision of what each single one of your employees should do, writing it down in a well organized and properly outlined way might be a much harder task then you think. This is why there is a special kind of lawyers who specialize in checking or flat out writing business contracts for people from a scratch, not only because they know exactly how to put everything down in a clearest way possible, but because they also know a lot of things about laws and restrictions that you may not be aware of (and if you do not have enough experience in a legal field, you probably do not know these things). Surely, it still means that you must have a very clear understanding of what you want.
Having a contract that is written in a sophisticated and professional manner is crucial for another reason, not only for the sake of inner regulation within the company. A badly written contract is actually what can cause you many unpleasant lawsuits (yes, there are in fact, very unpleasant) if one or a few aspects of the contract are crossing some lines in the areas of labor laws, or something about market, manufacturing, intellectual property, distribution and so on.
Summing the whole thing up, we highly recommend you avoid trying to do everything as quickly as possible to save as much money as you can – if your contract will not be structured and thought-through properly, you can lose a lot more money.