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Beware of Legal Landmines In Contracts

Posted by on March 30, 2017 at 8:55 PM

How many of us have signed the online Facebook agreement when creating our profile? How many of us were then astonished that we agreed to let Facebook use all of our personal information and pictures by signing the agreement? I know we do not like to admit it, but many of us enter into legally enforceable agreements without proper interpretation and reading of terms because we think nothing will happen or simply based on a relationship of trust.

While it is easy to overlook the importance of contract law, it is the most common trap our client’s fall into. Most of it confusing and boring paperwork that, if not handled correctly, could result in serious legal consequences. Therefore, we should consider getting our contracts reviewed or written by a qualified professional for these reasons:

1. You do not want people to get the wrong idea. First, you want to make sure you know what you are signing. If you are drafting a contract, you want the contract to be precise, concise, and professional. You do not want vague or unclear terms.

2. You do not want to break the law. Contracts, in nature, are a big deal. When signing a contract you have to be sure you are not breaking the law. It may be irresponsible to sign a contract that could result in a lawsuit, or sign a contract without reading the rights you may be entitled to.

3. You do not want to spend more money than you have to. Lastly, it is best to pay a small legal fee to have a contract drafted or analyzed and be safe rather than having to pay enormous legal fees when something goes wrong. Also, when the other person is informed that a qualified professional has analyzed your contract, your credibility and trustworthiness towards them will escalate. They will be more persuaded to work with you because of their perception of your business's character and ethics.

Of course, you will not want your Facebook agreement analyzed by a professional, but these daily agreements should be read with caution.

This information does not constitute legal advice or an attorney client relationship*

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