The business lawyers at Cannon Law, P.C. too often meet with clients who signed a contract without legal advice and seek representation after a disagreement arises. A written contract is an important document and you can easily give away important legal rights if you do not speak with an attorney before hand. If a matter is important enough to have a contract, it is also important enough to obtain legal advice. Some of the top reasons to see a lawyer before you sign a contract are:
- You can save money. More often than not, the cost of having the contract reviewed or drafted is quite small compared with the cost of settling disputes in court. The business lawyers at Cannon Law, P.C. are skilled at preparing contracts in a manner that protects your rights, fairly represents the agreement you have reached and anticipates and addresses issues that could cause future litigation.
- Avoid giving up important legal rights. Some contracts may contain provisions waiving your right to go to court in the event of a dispute and requiring you to arbitrate in some distant state. Also, care should be taken that you have not waived other legal rights such as the right to notice, the right to cure a default or the right to assert a setoff against an amount being claimed by the other party.
- Have your contract reflect your agreement. There is a common misconception that an agreement should be forced to fit into a pre-existing contract form. To the contrary, a written contract should express in writing the exact terms of the agreement that the parties have reached. If you engage an attorney at the beginning stages of negotiation of the contract, the attorney can assist you in raising issues that need to be addressed between the parties and preparing a contract that accurately reflects each term of your agreement in the written document.
- Proper parties. Check with an attorney to make sure that the contract is properly executed by the proper parties. If not executed properly, you can mistakenly assume personal liability under a contract that was intended to be an obligation solely of a corporation or LLC.
- Incorporation of Statutes. Many state and federal laws can be automatically included in your contract without your knowledge. In addition, contracts that are contrary to provisions of law may be void or construed in a manner completely different from the parties’ original intentions. Only a licensed attorney can draft or review a contract with the legal training to make sure that it is in compliance with applicable law.
Contact the lawyers at Cannon Law, P.C. to learn how we can help you with your contract.