A few practical rules that help reduce the risk of a dispute before you put your signature down.
A well-drafted contract is the best insurance against a dispute. Before you sign, it is worth verifying the key elements: the parties, the subject matter, the deadlines, the payment terms and the consequences of non-performance.
Pay particular attention to contractual penalties, termination conditions, the competent court and security (e.g. a promissory note, surety, pledge). These are the provisions that determine your position in the event of a conflict.
Before signing a contract of significant value it is worth having its wording reviewed by an attorney — the cost of the analysis is usually incomparably lower than the cost of later litigation.
The material above is for information only and does not constitute legal advice. Please contact the firm regarding your individual case.
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