Thursday, 29 August 2013

It Is Important to Read the Full Contract before Signing



Whether as a business or an individual, it is easy to skip over contracts and just sign on the bottom line. However, it is important to read the full contract before signing it unless you already know what is in it. Too often, there are cases in court that seem ridiculous and obvious that one party should get their money back, but there was some odd clause in the contract that protects the other party. When signing a contract, it is important to know what you are signing and agreeing to do. Also as important in the contract is to know what the other party will do per the contract.

If It Sounds Too Good to Be True…

You know the saying that if it sounds too good to be true, it probably is? This especially holds true when dealing with contracts. If something sounds too good to be true and then you are asked to enter into a contract with your signature, that should be a red flag to you. It is especially important in cases like that to read a contract before signing.  

Never Sign without Having a Copy

When entering a contract, it is crucial to keep a copy on hand. It is best to request a copy of the original that you signed. Having a copy will allow you to review the contract without the pressure of being in an office where everyone is waiting on you. In most states, there is a legal time limit in which a contract can be voided without penalty. Having a copy of the contract allows you to read the contract again and make sure that you are okay with the contract you have signed.

Don’t Hesitate to Ask to Alter a Contract

If you are okay with most of the terms after you have read the full contract, but have some minor changes that you would like to make, don’t hesitate to ask to have it amended. In many cases, the changes you desire can be accommodated without causing any heartache to the other party, while bringing peace of mind to you.

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