Lawsuits are tedious, costly and can damage a small business beyond repair. This is why it is worth the time to negotiate contracts through the proper procedures. A competent intellectual property lawyer or business attorney can help you navigate through contracts to ensure that they are skillfully drafted and executed. As an online business owner, it is likely you will have multiple contracts and here are some key reasons why you should have an attorney review them before you sign on the dotted line:
- Negotiations: Many online business owners tend to simply sign off on an agreement with another party such as a vendor, assuming that there is no room for negotiations to sweeten the deal on their part. Sometimes it is possible to compromise which is why it is a good idea to do a contract review with your attorney. Your attorney will translate the legal terms and find places where you can negotiate in your favor.
- Predicting the Future: An eCommerce attorney can review the terms of the contract and identify what terms may cause you difficulty in the future. By using an eCommerce attorney for contract review, you can avoid a potentially litigious situation down the road and save legal costs in the process. It will also buy you time to think about the terms with your attorney and discuss potential problems.
- The Fine Details: Many contractual agreements end in discord because the terms of the contract are too ambiguous. Having your attorney do a contract review will help you to place every detail in writing including specifications like time, dates, and the detailed responsibilities of each party in the agreement.
- Illegal Terms: During a contract review, your eCommerce attorney can easily identify any terms of the contract that are in conflict with the law.
Until next time, I’m Attorney Francine Ward helping you protect what’s yours. Join my conversation on Facebook, Twitter, or in one of my LinkedIn groups, Google+ Circles. Feel free to subscribe to my newsletter.