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Contracts - Review

Who Needs This Service?

Anyone who is given a contract to sign and does not understand all of its terms or whether important protective clauses are missing.

Learn Something About The Law

The first thing to ask yourself is whether you understand all of the rights and obligations that you will be legally responsible for once you sign? Do you know how you can end the contract if things are not going the way you want? Do you know if the other side can stop performing their responsibilities under the contract (even if this has a negative effect on you)? Are you sufficiently protected under the contract?

If you cannot answer these questions and you sign the contract you are assuming the risk that nothing will go wrong. However, if it does go awry it will become an expensive problem to fix or potentially un-fixable.

3 key points about contracts:

1. The time to understand your rights and obligations is before you sign;
2. The relationship always begins well when you enter into business. A key purpose of a contract is to clarify how to deal with things when the relationship sours or someone needs to end the contract early.
3. You cannot rely on the person asking you to sign the contract to be fair. They may not even know themselves that the contract is no good.

To Do

1. Read the contract.
2. Make a list of what you want the contract to do and make a list of questions about things you do not understand.
3. Have us review the contract with your list in mind so we can explain it to you and suggest changes that will help protect you.

Contact Us

Please do not hesitate to call or email us if you have any questions about contracts.