When you are considering entering into any contract, but especially one related to your business, it is important that you take the time to have the contract reviewed by an attorney before signing. This can include leases, contracts with vendors, employment contracts, non-compete agreements among others.
The law surrounding contracts is very strict. All the terms of the contract must be included within the text of the contract. Any obligations that are not included in the contract may not be enforceable even if you have an oral agreement outside of the contract. Additionally, a well worded contract can make it easier for you to enforce the terms of the contract if the other party does not do what they are supposed to do.
It is safe to say that the cost of having the contract reviewed by an attorney before signing to make sure that you are protected is minimal compared to the costs that you incur trying to fix a problem with the contract in the future.
If you have a contract or any other legal document for your business, please give me a call to schedule an appointment to review the document.