How To Read Legal Agreements
As you can see, there are many things that have gone into the correct reading of a contract. And as with most in-house lawyers` work, the devil is in the details. A half-hearted revision of the treaty is almost always a path to street problems. If a contract lands on your desk, grab a large cup of coffee and take some time to do a proper reading. Take the time to do well. Everyone will be glad you did, especially you. You are given a business contract and you are told, “Sign here.” Don`t do it! Before signing, read the contract carefully and follow these guidelines to avoid future problems. 4. The “Three Passages” approach.
One of the best tricks my friend has ever taught me is the “three-phase” approach to reading a contract. The next time you read a commercial contract, try to approach it in three passages, where you`ll dive deeper into the material with each passage: contracts like this should be interpreted “fairly and broadly without being too insightful or subtle in searching for flaws.” This approach is not limited to contracts concluded by businessmen without legal assistance for themselves. You can also consult a legal dictionary such as Nolo`s or Law.com. Nolo is a great resource for finding information – written in Tarpaulin English – on all types of legal documents….