No contract is as straightforward as it seems. That’s not to say that everyone who drafts a contract is out to trick whoever is supposed to sign it. Contract law is complex, and understanding the gist of what you’re signing isn’t enough. Before signing anything—a lease, business contract, sales agreement, etc.—you should have a lawyer review the contract with you.
At Feniger, Uliasz & Stacey, we have experts in contract law who can help you review and understand a contract before you sign it. Here’s what our attorneys can do for you regarding contracts.
Ensure Legal Validity
Just because someone puts a document in front of you and asks you to sign it, that doesn’t mean it’s a valid contract. An attorney can ensure a contract is legally binding and complies with all relevant laws and regulations. There are laws at the federal, state, and local levels that can affect a contract. A lawyer will have an understanding of all these laws and can ensure a contract does not violate any of them and is enforceable.
Clarify Terms and Conditions
Contracts often contain complex legal jargon or ambiguous terms. An attorney can explain these terms in simple language and clarify your rights, obligations, and any potential risks. Understanding all these terms ensures that you understand exactly what you are signing.
Identify Potential Risks
An attorney can spot unfavorable or risky clauses that may expose you to liabilities or penalties. For example, provisions related to indemnity, warranties, or dispute resolution might put you at a disadvantage. Identifying these risks early allows you to negotiate for more favorable terms.
Assist with Negotiation
Nothing is settled until it’s settled. A lawyer can help you negotiate the terms of the contract. Whether it’s a business deal, employment contract, or rental agreement, an attorney can guide you through the negotiation process and work to modify terms in your favor before you sign.
Prevent Future Disputes
A well-drafted contract helps prevent future disputes by clearly outlining the expectations and obligations of both parties. An attorney can help structure the agreement to minimize ambiguity and ensure both sides have a clear understanding of their responsibilities, reducing the chances of conflicts later.
Understand Contract Law with Feniger, Uliasz & Stacey
Our attorneys at Feniger, Uliasz & Stacey are committed to protecting our clients in all circumstances. Come to us before signing a contract or agreement to ensure you understand everything.