Attorney Ziprick has been involved with the drafting, reviewing, revising and negotiating literally 1,000s of contracts during his career, from the most complex contracts that can exceed 100+ pages, to relatively simple contracts of only a few pages. Contracts are a critical part of business and life, and are the foundation for many legal obligations and responsibilities.
While no contract can take into account every possible circumstance that will ever arise in the future, having a contract thoroughly reviewed before you sign it, particularly when the obligations or amounts at stake are significant, is highly recommended. A fairly common occurrence is that a new client comes into the office when a dispute has already arisen over a contract they signed previously. Often there are provisions in the contract in question which they either were not aware of or did not understand, provisions which can have very detrimental impact. For example, the implications of indemnification provisions, guarantees, attorney’s fees provisions, etc., may not have been fully appreciated when signing the contract.
A Word of Wisdom - often proactive work on the contract prior to signing the document can avoid much more costly and disruptive litigation down the road. Further, depending on whether you are the purchaser or seller of a business, a piece of equipment, or real estate, for example, there is a vast difference in what provisions should be of most concern to you.
Attorney Ziprick has also been involved in many successful contract dispute resolution processes, where the goal has been to resolve the disagreement, without the necessity of litigation or arbitration, and the major expense and stress that such processes entail.