I run a small business and I have several small contracts that I am currently in the process of negotiating. Are these worth bringing to a lawyer for review?
Depending on the type of contract, there are a number of areas a lawyer’s expertise can provide guidance, including contracts relating to employment or contractor relationships, borrowing and secured transactions, equipment leases, and other commercial agreements. Simply because a document is short, this does not mean there aren’t important clauses or terms that require careful consideration.
Contracts often contain important clauses relating to the limitation of liability, indemnification, and the waiver of important legal rights. Such clauses can have legal and financial implications for you or your business down the road. Understanding these implications is crucial and one of the services a lawyer can provide.
A lawyer can meet with you for a short consultation in order to review your contractual document and answer any questions you might have. By communicating to the lawyer your expectations of the proposed contract, a lawyer can work with you to achieve your goals as well as highlight and help you understand risks and liabilities that you or your business may be taking on as part of the contract.
If you have some questions about a contract and feel you may benefit from meeting with a lawyer call and ask to set up a meeting.