Signing a Contract
Halt | October 8, 2022 | 0 Comments

What to Do Before Signing a Contract: A Guide

Most of us sign numerous contracts every year. From big things like employment contracts and rental agreements to smaller things like phone contracts, contracts are such a part of our daily lives that we often don’t take the time to understand them.

After all, it’s easy signing a contract and forget that it’s a legally binding document. Contracts can protect you and they can also get you in trouble, especially if you’re not sure what your contract actually says. This is why we’ve put together a list of things you should do before signing a contract to ensure that you fully understand it.

Have a lawyer look it over

Employment Contract

You’re probably not a legal expert, which means you might not even know what all the clauses in your contract mean, or whether there is anything illegal in it.

This is why you should seriously consider having a lawyer look over your contract to ensure that everything is in order. Your lawyer will also be able to advise you on if there is anything in the contract that shouldn’t be there, or that should be changed. If you are signing an employment contract, an employment lawyer like HKM should be able to assist.

Ask for any changes

If there are any clauses in the contract that you are uncertain about or that you feel need to be changed, don’t hesitate to contact the other party and ask for clarification or for the changes to be made.

Remember that contracts are there to protect both parties, and as long as your requests are fair, there’s no reason why you should sign a contract that you aren’t happy with.

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There are also certain things that should be included in a business contract, so if this is the type of contract you’re dealing with, be sure to keep an eye out for them.

Take the time to read it and think it through

Don’t ever let anyone pressure you into signing a contract until you’ve had time to read it through properly and think it over.

Ideally, you should ask for a few days to decide whether to sign the contract or not. As mentioned, we often take contracts for granted and undermine their importance, but you should focus on what you’re reading, even if it’s boring. You should also read it multiple times to make sure you don’t miss anything important.

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Go ahead with the signing a contract

Once your lawyer has checked it out, the necessary changes have been made, and you’ve thought it through, you can finally sign the contract.

But even this isn’t as simple as it may appear. You need to have witnesses present when you sign a contract, and you need to make sure that both parties sign it. On top of that, it is highly recommended to always keep a copy of your contract as well as backups of it, in case you ever need to check something. Data backup is very important, and we back up things for businesses all the time, so it only makes sense to do the same for your personal documents.

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