When you sign a contract, you have to be cautious. If you fall victim to any myths about contracts, you could find yourself struggling in the future.
For example, one common myth is that it’s simple to draft a contract. While it’s not the most difficult thing to do, there are laws that have to be followed. Drafting the right contract is done with skill that is honed through experience and training — the kind of training your attorney will have. Here are a few other myths that you shouldn’t fall for, either.
I’ll never go to court, so I don’t need a contract
No one can predict the future, and no one can be sure that a lawsuit won’t take them to court. If you give into the demands of everyone who has a dispute with you, your business will suffer. A good contract will protect you.
I don’t need to negotiate with the other side if their contract looks good
You may not, but you should never sign a contract without your attorney taking a look first. What appears to be a group of good terms might actually be misleading, and there could be changes that you want to negotiate before you agree to enter into the contract. Your attorney can help you negotiate those terms so that you’re satisfied with the contract you end up with.
Contracts aren’t necessarily complicated, but they can be complex. With the right legal help, you’ll be on the way to signing only the contracts that you’re satisfied with and that help your business.