Contract Review
The cornerstone of any transaction, business or otherwise, is the contract between the parties. Before signing a contract, one should know exactly what they are signing. However, most people never read the contract until there is a conflict.
A contract is a legally binding document and by signing it you are agreeing to its terms, even if you don't understand them. That is why it is imperative that you contact qualified attorney to review the contract.
Two common issues in contracts today are legalese and form contracts.
Legalese
Many parties purposefully use legal words and language (legalese) because certain words have certain meanings in the eye of the law. This, however, makes the obligations and terms of the contract confusing, therefore favoring the drafting party.
Form Contracts
This type of contract can commonly be called the “fill in the blanks” contract. The contract has the language and terms already set. For example, this is used commonly in landlord/tenant agreements. The downside to this type of contract is that there is no negotiation on the terms. The drafting party, the landlord in this case, can insert any terms they want that may place less liability on them and more on you. A qualified attorney can review the contract and decipher it for you.
Before you sign a contract, make sure you understand the terms of the agreement. Pay attention to the fine print details; many times, the essential terms are located in the small text. Make sure that you read and understand everything in the contract before you sign it.
To effectively address these concerns and more, speak to a lawyer. Contact our office today to schedule a confidential consultation.