Common Contract Mistakes

I know, I know. This is the part where you roll your eyes and scroll past. ⠀⁣
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Not more contract talk! ⠀⁣
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That contract you’re worrying about is probably the LAST thing you want to have to think about at the end of the day. ⠀⁣
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They’re long. ⠀⁣
They’re confusing. ⠀⁣
They’re a waste of time. ⠀⁣
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Let’s shift our mindset around contracts. Why do we have to use them, anyway?⠀⁣
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To PROTECT our businesses! ⠀⁣
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Also, contracts make you look 1000x more professional. Want to be taken seriously? Present your own contract when it comes time to seal the deal. ⠀⁣
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So whether you’re reviewing one now, you have one on the back burner, or you’ve been negotiating one back and forth...⠀⁣
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SAVE this post & keep these common mistakes in mind when dealing with that contract!⠀⁣
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Governing Law: if you’re in CA and the other party is in a different state - review what law will apply to your agreement. (hint: you want your state law to apply!)⠀⁣
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Intellectual Property: Trademarks and copyrights - hang onto them! You could be accidentally handing out your intellectual property rights by working with a partner or collaborator if this isn’t in your agreement. ⠀⁣

Term: I don’t just mean does your agreement lay out a start date and an end date. Check to see if there is a way for you to get OUT of the agreement if the other party isn’t pulling their weight. (this happens a lot). ⠀⁣
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Signature: Are you and the other party signing on the dotted line as the correct individual/entity? (i.e. - If you have an LLC, are you signing as the owner or as your individual self?)⠀⁣
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If contracts have you cursing up a storm - I’m here to help. Email me with your contract questions!⠀⁣
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My Legalmiga Members don’t have to worry anymore about whether their agreements are “legit.” I have contracts available for Members in Free Template Vault. Make sure you’re enrolled in the Legalmiga Membership to access the Vault! ⁣
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*Disclaimer* This post is strictly for general informational purposes only and is not intended to constitute legal advice.