Contract Review and Analysis
- msmith635
- Mar 28, 2022
- 1 min read
Almost by definition, businesses are driven by contracts. Contracts for leased premises, for purchases and leases of goods and services, for purchases of expensive equipment, for suppliers of inventory, and countless other essential business relationships.
The business owner/manager needs to fully understand the terms of every contract, and the consequences of a breach by either party. Contracts are often written in "legalese," which can make it difficult for the business manager without a legal education to anticipate problems that may arise in the future performance of the contract, including the consequences of a breach by either party.
We recommend that if you have any doubts or questions about the significance of any provision in a contract, you have us review it before executing. Our attorneys can interpret the contract provisions and report to you exactly what your obligations are and what can happen if the relationship goes wrong at some future date.
The greatest value of a well-written contract is that it can keep you out of court, because both parties will know what the likely outcome of a trial will be, and so will not want to incur the expense of litigation unless the party is certain of a win. Contact us for a legal review of any contract presented to you before you sign. A few dollars spent now can prevent costly litigation later.
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