Key questions to ask before committing your business or personal interests to a contract.
A contract should clearly identify the parties, obligations, payment terms, timelines, risk allocation and the process for resolving disputes. Before signing, confirm that every promise important to you is written into the document.
Check termination rights, penalties, confidentiality, intellectual property ownership, governing law and dispute-resolution clauses. Do not rely on verbal assurances that contradict the written terms.
This article is general information and is not a substitute for legal advice on your specific matter.
This article provides general legal information only. It is not legal advice and does not create an advocate-client relationship. Obtain advice based on your specific facts and current law.