We all enter into contracts every day, whether we know it or not. Purchasing your newspaper from your local corner shop or ordering an item online are informal ways of entering into a contract with another party. Follows are some dos and don’ts to keep in mind when entering a contract with another party.
No Misleading
The party selling or offering something to another party should never mislead or write/say/advertise false information about what they are offering.
No Jargon
All parties should understand the terms and conditions of the contract. Technical words or jargon should be eliminated if one party is not understanding the term correctly. Plain and simple language is the preferred method when drafting the contract.
Keep Copies
All parties involved in an agreement should have a copy of the contract as proof of their involvement and agreeing to the terms and conditions.
Do Read
You need to read the contract and understand every sentence. If you’re not sure about a part, then you better ask for an explanation before signing.
Ask for Advice
The best thing to do before entering into any type of contract is to ask for advice to a lawyer. The latter will be more able to spot discrepancies and ensure you obtain a fair contract.