Contracts are not designed to mutually benefit all parties involved. For the most part, it’s one-sided, favoring one party over the other. And nobody wants to read them because they’re lengthy with legal terminologies that sound like a foreign language. Contracts are assumed to have general or standard details for a particular transaction, and some people assume that the details are fair or standard. While some contracts may be “fair or standard”, you should always consult with your attorney or someone who’s experienced in contract reviews.

Don’t ever sign contracts blindly because you may be giving up your right to remedy or indemnification. Most contracts are binding so that means it may potentially tie your hands to something you would have never expected. It’s important to pushback to revise the contract in your favor.

Do your due diligence and protect yourself by consulting with an attorney or risk manager.