What you need to consider before signing a contract depends upon the type of contract. Within any contract it is critical that the parties be properly identified. If you are dealing with a business entity other than a human being you need to make sure that business entity has in fact been properly formed. In addition it must be recorded with the local or state government as being an existing entity. Furthermore it must be in good standing. If you cannot verify these things you should go no further.
In addition the contract must clearly state what the consideration is for the transaction. The consideration is the meat. It is the quid pro quo.
What Should I Consider Before Signing A Contract? Make Sure You Understand the Contract
In general terms you need to make sure that the contract is written in plain English. If there are terms you do not understand then you must ask they be spelled out. Otherwise you need to seek legal advice. A lawyer will explain the terms to you. In most contracts what is stated in writing is all you get. Oral terms may not count.
What Should I Consider Before Signing A Contract-Legal Retainers
In regards to personal injury claims the injury attorney that you hire will ask you to sign a contract. It is called a retainer agreement. The same principles stated above apply to this contract. If your personal injury claim is settled then you will be asked to sign a contract in the form of a release. This release ends the claim
What Should I Consider Before Signing A Contract-Learn More
See Brien Roche’s book Law 101 published by Sphinx Publishing for more information on this subject.
Contact a Personal Injury Attorney
Legal answers provided by Brien Roche, a personal injury attorney with over 45 years of trial experience. Contact Us today to discuss your contract matter.
Also for more info about contracts see the pages on Wikipedia.
