Whether you are looking at signing a contract for a construction project, lease, purchase agreement, or sale of a business, it’s a good idea to have an attorney review the contract before you sign it. If you are in the early stages of a project and are needing a contract drafted, having an attorney draft the contract can help save you money down the line by ensuring all of your bases are covered in case issues arise in the deal or project. Hiring an attorney to draft the contract can help you decrease the chance of risks and disputes by making sure all the key components are covered in the contract, and the right language and key terms are used to make the contract valid and enforceable. An attorney can also help you determine precisely what types of contract(s) you are in need of for your situation, i.e. nondisclosure agreements, assignments, etc.
Hiring your own attorney will help protect your interests in a transaction. If you are reviewing a contract that the other party has had drafted, it’s important to consider that your best interests were probably not considered in the drafting of that contract. By hiring your own attorney to review it on your behalf ensures that your best interests are not only considered, but are taken care of in the contract. Your attorney can not only assist you in reviewing the contract, but can assist you with negotiating the terms of the contract to give you the best deal. The thought of hiring an attorney can be daunting for some people, it sounds like an expensive step to take. However, when you take into consideration the potential problems you could be signing on for in a contract, paying extra money up front to help give you piece of mind and make sure you are getting the best deal and are protected should the deal take a turn for the worse, sounds like a good way to save yourself from a lot of lost money and headaches later.