Minneapolis Business Lawyer

Contract Review & Drafting

America has definitely proven itself to be a very litigious society. For this reason, it is important to have any agreement well-documented. If it is not well-documented, confusion and disagreements will take over the relationship surrounding the agreement, which could hinder its productivity.

A contract serves as the undisputed truth whenever a disagreement occurs. The effectiveness of this agreement depends on how well the words are placed and how tightly loose ends are tied, making it all the more important that you consult a Minneapolis contract drafting lawyer before signing on the dotted line.

Common Contract Drafting Mistakes

Especially for those individuals who are new to legal proceedings, it is very easy to make mistakes during the contract drafting process. Some of the most common mistakes are:

• Failing to complete multiple drafts:

Too many people try to complete the final draft in one attempt. This is very dangerous because, in most cases, even the first draft requires an acute level of planning. Being detail-oriented about the particular things you want included in the contract is important for success.

• Not explicitly disclosing payment terms:

Oftentimes, agreements may have been made before the contract was drafted. Individuals may feel that these specific agreements do not need to be covered. The contrary is true. Every aspect of payment, from method to dates and amounts, needs to be covered in the contract.

• Making assumptions:

Making no assumptions is the safest way to approach any contract agreement. Human beings may forget certain things. Furthermore, we cannot read each other’s minds, despite what we might believe. It is thus very important to make sure everything is clear between all interested parties.

The best thing to do is consult with an attorney who can draft a copy of a preliminary contract and go over it with you, offering the very best in training and experience. If you would like to explore your options, contact the Minneapolis contract review & drafting attorneys of Skjold ▪ Barthel at 612.746.2560.