X

News & Insights

 
06Nov

When Should You Contact a Lawyer to review Your Contract?

It's a good practice to contact a lawyer before signing a contract in several situations. Consider the total value you expect to receive or pay.  The cost of up front advice is always less than the cost to fix things later.  Consulting with a lawyer can help ensure that you fully understand the terms and implications of the contract, protect your rights, and avoid potential legal issues down the road. Here are some situations when you should consider contacting a lawyer before signing a contract:

  1. Complex Contracts: If the contract is long, contains legal jargon, or is difficult to understand, it's wise to seek legal advice to interpret the terms and conditions accurately.
  2. High-Stakes Agreements: For contracts involving significant financial investments, property transactions, or long-term commitments, such as buying a home, starting a business, or entering into a partnership.
  3. Employment Contracts: Before accepting or making a job offer, it's advisable to have an attorney review the employment documents to ensure that they protect your rights and is fair.
  4. Business Contracts: When your business is entering into agreements with suppliers, clients, partners, or other businesses, a lawyer can help protect your interests and avoid potential disputes.
  5. Lease or Rental Agreements: If you're leasing property or renting a commercial space, consulting with a lawyer can help you understand your rights, responsibilities, and remedies.
  6. Intellectual Property Agreements: Contracts related to patents, copyrights, trademarks, or licensing agreements should be reviewed by a lawyer to protect your intellectual property rights.
  7. Construction Contracts: Before starting a construction project, hiring contractors, or working as a subcontractor it's important to have a lawyer review the construction contract to avoid disputes and ensure compliance with laws and adequate and effective insurance coverage.
  8. Debt Agreements: Contracts related to loans, mortgages, or other financial obligations can have significant long-term consequences, so it's crucial to understand the terms and legal implications.
  9. Consumer Contracts: If you're entering into contracts with companies for services or products, or if you provide services or products to the public you may want legal guidance to ensure your rights are protected, and there are no surprises.
  10. Contracts with Government Entities: When dealing with government contracts, it's important to ensure compliance with various regulations and legal requirements, and to know your rights.
  11. Dispute Resolution Clauses: If the contract includes dispute resolution clauses, such as arbitration or mediation, you should understand their implications and how they may affect your legal rights.

Remember that legal advice can save you from costly mistakes and legal disputes in the future. Lawyers have the expertise to identify potential pitfalls and can help you negotiate more favorable terms when necessary. It's generally a good practice to consult with an attorney whenever you have concerns or questions about a contract, ensuring that it aligns with your interests and legal rights.

RC Kelly Law Associates understands your business and the challenges you face each day. We provide assistance and counsel to you and your staff so you can spend your time generating revenue instead of reading contracts. Call us today at 215-896-846 to learn more about our services and how we can help your company succeed.

Related

Legal Focus: What You Need to Know About the  Corporate Transparency Act

Legal Focus: What You Need to Know About the Corporate Transparency Act

In January 2021, the United States Congress passed the 2021 National Defense Authorization Act ...

Read More >
Electronic Logging Devices and Electronic OSHA Reporting Compliance Deadlines in December 2017

Electronic Logging Devices and Electronic OSHA Reporting Compliance Deadlines in December 2017

After December 1, 2017, school bus contractors with 20 or more employees will be required to report ...

Read More >
Pennsylvania Employer's Workers Compensation Obligations

Pennsylvania Employer's Workers Compensation Obligations

While business growth is exciting, it also increases the costs of labor and related expenses. Busine...

Read More >
Heightened Standard of Care for Special Needs Students

Heightened Standard of Care for Special Needs Students

The Federal District Court in Pennsylvania recently confirmed that drivers, aides, and schools are h...

Read More >
Federal Court Rules that DEA Does not Protect Job Applicants

Federal Court Rules that DEA Does not Protect Job Applicants

Business owners are aware of federal laws that prohibit discrimination in employment. They also und...

Read More >

Avoiding Violations for Snow Covered Vehicles

Winter is here and unfortunately, so are the weather related concerns which affect the transportatio...

Read More >

Search

Categories