In the event of a dispute it’ll usually be given to a judge and/or jury to place meaning on the terms of your contract.
And under the law of most states the judge and jury will first look at the terms within the contract. If they look at the contract and think they know what it means based on their review their inquiry usually ends.
Why is this so important?
You want to make contract terms so clear that even a third grader can understand them.
You don’t need to be taking chances. Make things crystal clear.
For important contracts go the extra mile and bring in an experience lawyer that can pair clear drafting with a knowledge of the issues that are likely to happen in the course of the contract. Could a party die? What if one party goes bankrupt? What if the software stops working? These are they types of questions a good lawyer will ask. A good lawyer will then also pair that with practical tips and provisions to protect you.
Be careful with your contracts!
The Our Shawn
This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. This article should not be treated as legal advice to any person or entity.
About the Author
The Our Shawn — R. Shawn McBride is the Managing Member of The R. Shawn McBride Law Firm, PLLC. Shawn works successful, private business owners in their growth and missions to make a company that stands the test of time. He encourages everyone to Do Business Differently(™)*. You can email R. Shawn McBride or call 407-517-0064.
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