Top Three Contract Mistakes to Avoid

At Robertson & Williams, we often find ourselves cleaning up legal messes caused by unclear or otherwise bad contracts. That’s why we encourage all business owners (and anyone else who uses a contract) to review their contracts with an attorney before signing or asking someone else to sign.

Contract disputes can be costly and time-consuming. You will save time and money in the long run by reviewing contracts with an attorney. Below are some of the most common mistakes people make when entering into contracts without legal guidance:

     1. Using online forms

You can find boilerplate contracts online, fill in the blanks and the contract will supposedly suit your needs. However, many people don’t realize that this is extremely risky.  Every contract is unique and should speak to the specifics of your situation for maximum clarity and enforceability. It’s also important to note that laws are different in every state. If you use an online form contract, it may not be legally binding where the contract is to be enforced.

  1. Having an accountant draft your contract.

Ideally, your accountant would admit that contracts are not in his or her wheelhouse and would refer you to an attorney. Unfortunately, that does not always happen. Some business owners use their accountants as a one-stop-shop for everything, including contracts. Do not let this happen to you. Having an accountant draft your contracts is on par with having a lawyer do your taxes.

  1. Failing to read your contract at all or reading it and misunderstanding it.

An astounding number of people sign contracts without reading them all the way through. When you sign a contract, you enter into a legally binding agreement with another party. This is not something to take lightly. You need to read and fully understand every word of your agreement, so you know what you are promising and  what the other party’s obligations are to you.

Who can help?

If you have questions about contracts in general or you need someone to review a contract, the Robertson & Williams team is here to help. We have extensive experience drafting and reviewing contracts for businesses and individuals. Contact us today to get started.

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