Whether I am reviewing or drafting a contract, part of my process is to mentally visualize the future. I review the contract with the idea that a dispute may arise. What does that mean? I play out scenarios. For instance, I consider the client and the agreement, and picture what would happen if the other party doesn’t pay? How does this contract protect my client?
What happens in a construction contract if an owner or another other party kicks my client off the job site? How is my client protected? Many things can happen. What happens if somebody deceases that’s important or a vital party to the contract? What happens if the other party’s business goes bankrupt? There are all these circumstances that can possibly happen. However, it is impossible to predict the future. And so, it’s about having things in there to protect the client in certain situations. Reasonably, you can’t put every single scenario in the entire world in a contract. You could have a very sound contract, but something can still happen outside of that contract. If that is the case, then you may have to renegotiate, settle, or file a lawsuit. The big takeaway is that a good contract attorney is going to do their best to account for the uniqueness of your business and create an agreement that services your goals and protects your interests.
Do A Lot Of Business Initially Try To Handle The Drafting And Reviewing Of Contracts On Their Own?
A lot of businesses try to draft and review their own contracts then they seek out legal help when an issue arises.. It is common for businesses and people to not read the entirety of a contract or to not read carefully prior to signing. I’ve had clients think they had a certain shareholder rights in an agreement to only realize that they don’t because they didn’t read the contract. Whenever you sign a contract, you are presumed to have read it. During a review of a contract, your attorney is going to help you understand what it all means in a real-world practical sense. This real-world view is what is important to a client, clients should let their attorney worry about the legalese. Clients need the information in a form to allow them to understand what they are signing and the implications on them or their business once they enter into that agreement.
While you don’t have to be an attorney to draft a contract or enter into a contract you want to ensure you have a full grasp on all the things that encompass an agreement before entering it. When business try to draft and review their own contracts, they can easily find themselves in a situation of “please help me.” They find themselves in an elevated disagreement with an unreliable contract and are now seeking an attorney to hopefully help them out of their predicament. We like to help our clients avoid these pitfalls and enter into agreements and contracts from a place of strength and security.
For more information on Reviewing Documents For Clients In Florida, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (904) 316-2527 today.
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