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Jessi
03-22-2014, 11:05 AM
Should you always hire a lawyer to look over business contracts before signing?

This might be contracts you write up for your employees or maybe contracts between partners. It could even be contracts with vendors and suppliers. Just how important is it to have a professional look over them before signing them all?

george.shepard
04-01-2014, 06:19 AM
If the lawyer is willing to take your case, ask about charges for services. You will receive a contract referred to as a legal services agreement, that the lawyer should explain to you. Carefully read and understand the document before you sign it. At that point or before services are rendered, you will also be asked to pay a retainer or deposit.

fredkawig
04-01-2014, 07:35 AM
If you can understand the terms and conditions clearly and there aren't any vague provisions, you should be okay but if it is a bulky contract with lots of provisions that you aren't sure about better hire a lawyer to take a look at it.

SteakTartare
04-01-2014, 09:20 AM
Yes, absolutely you should. Considering that the cost for such a review is relatively minor compared to a big legal headache down the road. Anything beyond the most basic forms, I have an attorney look over.

crimsonghost747
04-02-2014, 03:54 AM
It really depends on the size and type of business, who you are signing these contracts with etc. I personally would very rarely consult a lawyer, but in some situations it would be better to be safe than sorry. (for example, if you have a big contract with a foreign supplier you've never worked with before)

harpy
04-02-2014, 08:04 AM
Lawyer's services are costly, not to discourage you or anything, but if you can understand the contract on your own or if its contents are easily understandable, as fredkawig suggests, you could probably work on it on your own. For certain work-related contracts, both parties (the employer and employee or business A and business B) are normally given up to 72 hours to read and understand the provisions of the legal document before signing it. Whether you choose to take it to a legal expert for further review is up to you. This happened at my previous job-- I was given a few days' training and around 2-3 days to read the contract before signing it in the presence of HR personnel.

I guess hiring a lawyer also depends on the nature of the business or legalities involved in the business. If I recall correctly, some contracts require notarization by a lawyer. Other contracts, like those made for larger deals involving a lot of people or assets are often delivered by a lawyer or signed in the presence of lawyer. If you find yourself in such an arrangement, you'll need to bring legal experts with you.

canoe
04-02-2014, 08:31 AM
If you have the money to spare, then yes. I'm pretty good reading contracts myself but sometimes, it can come down to a single word and usually lawyers are better at catching that kind of stuff especially if they're experience in these types of situations. Otherwise, you're gonna have to spend a lot of time and effort digesting each word in the contract.

Taru
04-02-2014, 09:34 AM
Yes, I think it's a good move as an expense, since you'd probably be saving yourself a lot of headache and problems down the line with payment at present. If the transaction is big enough, then I'd say it is definitely worth it and it is most likely a must. I think the prices are probably reasonable anyway, and at least this way, as I've said, you get to save yourself from a lot of confusion and possible mistakes and you get to save yourself some time too which you can then just put to use elsewhere.

HeinrichM
04-04-2014, 03:43 AM
If you can afford the cost of having a lawyer look over the contracts, then get it done. Lawyers will highlight risk areas and will ensure that you are covered as an individual and business. This can save you a lot of money when things go wrong. When you can not afford a lawyer you can download generic forms and contracts from reputable sites on the Web and edit them.

ambulatoryalliances
06-07-2014, 02:32 AM
hiring a lawyer is a most tactical practice .if you find wrong lawyer then you will end up with loosing money and case.

aman1121
06-20-2014, 03:50 PM
It really depends on a lot of circumstances, but my point of view is, why not have a lawyer look it over? Most lawyers give you free consultations so you could probably get them to give you an estimate as to how much something like that would cost. If you don't know any contract lawyers, you can find some on avvo or LawTrades (http://lawtrades.com).

Tigerhong
07-03-2014, 04:51 AM
Well, businesses are into a really competitive world therefore they strictly need to keep a check on their legal issues and even the security (http://www.tigerhong.com.sg/services/top-security-services-singapore) issues. They must hire a reputed and reliable lawyer and a security firm to make sure that their business functions properly! Thanks!!

SeanCole
11-01-2014, 03:24 AM
If the owner itself is capable to understand the contracts and general laws that can be taken for a company then he should not need any lawyer or attorney for their businesses.

patrolalaw
05-14-2019, 04:54 PM
In short, yes you should always have a lawyer review your legal documents to ensure that everything covered in your document is as you originally intended. Any errors, as minor as they may be, can have significant consequences and may affect the contract's validity.

Also, do not cut corners and use online legal templates (http://patrolalaw.com/dont-get-screwed-by-using-online-legal-templates/) as there are inherent risks of doing so.

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TangelThor
12-17-2020, 06:59 AM
The cost of engaging a contract lawyer depends on the complexity of the contract, whether specialist knowledge is required (for example, an industry code or regulation) and the experience of the lawyer. Some lawyers can charge between $500 to $2000 per contract to be reviewed.

oliverbell11
12-17-2020, 08:46 AM
A contract attorney costs between $50Ė120/hour. Some charge by the hour and some a flat fee. If you need to file a brief that will take approximately 10 hours, a contract attorney charging $80/hr would cost $800. If an associate with a $70,000 salary creates the same brief in 10 hours, it will cost you $1,216

KarennJames
02-09-2021, 01:58 PM
I feel like that is not a bad idea in itself. I have always been very careful when it came to contracts and documents so before I sign a big deal I always have my lawyers check it out. That is one of the many reasons you should always have a good legal team in place. My personal experience says that is crucial because you will never know what might happen to you and those around you. For example a few years ago I was in business with a local South American company based in Columbia and the DEA accuse my firm of conspiring with the drug cartels in order to smuggle drugs in the US via shipping containers. I was shocked and of course I got the best defense lawyer money could buy who had a stellar record with dismissing drug charges. It was a very nasty trial but thanks to my legal team from Florida I was able to walk away unscratched even though my reputation took a little bit of a dive.
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