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A contract is a legally binding agreement made between two or more individuals.
The law protects all rights within a contract from the moment all parties sign it. The only exception is if a contract is deemed unlawful or contains serious inaccuracies.
Any party who does not follow promises made in a contract can be held liable.
A contract lawyer is necessary to make sure the contract is lawful and to make sure all parties signing the contract understand the details.
What Does a Contract Lawyer Do?
A contract lawyer serves two main purposes:
The first is drafting contracts and other legally binding documents.
The second is reviewing contracts that have already been drawn up – in some cases, by a different lawyer.
Contract law can be confusing and complicated.
Furthermore, the wording and formatting of legally binding documents tend to be perplexing to anyone who doesn’t fluently speak legal jargon. The purpose of a contract lawyer is to make creating – or signing – a contract a little less bewildering.
The first thing a contract lawyer does is draft a contract. This involves tailoring the legal document to fit your specific wants and needs.
It is not uncommon for certain words or phrases in a legal document to be taken the wrong way.
A business contract lawyer will go through the contract and clarify anything that might be questionable to either parties.
Hiring a contract lawyer to ensure you have a well-drafted contract is beneficial for the following reasons:
- It will prevent disputes. A well-written contract with everything clearly established is going to make it harder for either party to dispute the contract. Ideally, the contract should satisfy both party’s wants and needs.
- It will define the relationship you and other parties have. When everything is said and done, your contract should leave no grey area when it comes to the relationship you have with the other parties.
- It will comply with the law. Having your contract drafted by a business lawyer is the easiest way to make sure you are legally covered when both parties sign the contract.
At Mollaei Law, we take great pride in drafting and tailoring a contract that is in the best interest of both you and the other parties signing the contract. The contract will be easy to understand and prevent all burdensome legal issues.
You already have a contract drafted because you used a contract outline you pulled from the internet and did it yourself – great.
It is still in your best interest to have a lawyer review the contract before you – or the other party – signs it.
Chances are, you did a pretty good job outlining the details of the agreement you and other parties are making to call for the contract in the first place.
You, however, do not look at a contract with the same perspective as a professional contract review lawyer. Law firms such as Mollaei Law are going to look at everything that could possibly go wrong and make sure that is included in the contract. A lawyer will also check for any loopholes the other party could use against you.
Some important items to check before a contract is signed include:
- The contract accurately reflects your understandings of the terms of the contract
- The benefits and risks of entering the contract - analysis of whether the benefits of entering the contract is worth the risks associated with the contract
- You are made aware of your responsibilities under the contract and the obligations of each parties are adequately explained and noted
- Parties are accurately identified
- Correct date is stated, and if needed, a correct end date is noted
Hiring a lawyer to review a contract is about protecting yourself.
Obviously, you created the contract because you want legal protection. It is worth taking the actual step to make sure the legal document fully protects you and doesn’t leave anything out.
A contract lawyer isn’t only beneficial to the person who is drafting the contract.
They can also be beneficial to the person on the other end who is simply signing the contract.
For example, a landlord is responsible for drafting a contract – or in this case a lease – for the tenant to sign. It can be just as beneficial for the tenant to have a lawyer look at the contract as it is for the landlord to have the lawyer review it before it gets handed to the tenant.
From a tenant’s point of view, a legal document such as a lease contains a lot of legal jargon. This legal document will go into detail all of the reasons a landlord could evict you from the place of residence you are signing to rent in the first place.
Having a lawyer review a legal document – such as a lease – before signing it is about protecting yourself.
The same logic can apply to someone purchasing a house, someone selling a house, or someone taking a new job. Any time there is a contract involved, it is always a good idea to have a business lawyer take a look.
The lawyer can make sure the other party is not trying to take advantage of you. If needed, the lawyer can also negotiate and ask for certain changes to be made to better protect you.
Regardless of what type of business you are in, it is never in your best interest to sign a contract before having it reviewed and revised with your best interests in mind. At, Mollaei Law we specialize in reviewing and amending contracts to reflect the best interest of all parties involved.
After you have signed a contract, it is next to impossible to make revisions or amendments to it. This step must be taken before the contract is sign and becomes enforceable by law. This is why it is vital to reach out to a contract lawyer and have the contract thoroughly checked before signing it.
Legally, it is your right to have a lawyer check a contract before you sign it. If the person on the other end doesn’t seem to want this to happen, there is usually a reason why.
As an artists, entrepreneur, or business person, you should not sign a contract until you thoroughly revise the contract to match your interests. It is necessary to revise a contract to match your expectations and interests.
Mollaei Law amends and revise contracts to match the needs and circumstances of our clients. By carefully reviewing and revising the contract, we will revise the contract into a well-drafted, finalized, and advantageous contract to meet your needs.
In order to have a successful and efficient agreement, we will clearly define your needs. It is vital that we clearly and precisely set for your interests ahead of the other parties’. The key is to be consistent in the contract so there won’t be any confusion after the contract is signed.
After a contract is signed, it is nearly impossible to revise the contract. Generally, a contract becomes enforceable once the parties indicate assent to its terms. This is usually done when either of the parties sign the contract at which time the contract becomes enforceable. That is why it is really important to carefully revise the contract before the contract becomes enforceable.
By all means, it is vital to have a competent business lawyer revise your contract before it is signed and becomes enforceable. The final deal terms should be drafted and revised to match the interests of the parties.
Should I Have a Lawyer Review My Contract Before Signing?
Ideally, it is always a good idea to have a lawyer read over any legally binding document before you sign it.
The last thing anyone wants to do is find out they unintentionally agreed to something because they didn’t understand the contract. A lawyer can guarantee the contract is in your best interest.
This way a contract review lawyer can read the contract over and make sure it is your best interest. If necessary, the lawyer can request revisions to the contract before you sign on the dotted line.
Do Business Contracts Have to Be Drafted by a Lawyer?
Legally, a business contract does not have to be drafted by a lawyer in order to be admissible in court.
In fact, it is not uncommon for small business owners to use a storm-bought form to create a contract or to create a contract themselves. In history, there have even been cases – that were upheld in court – where the contract was written on napkins.
The issue with taking a do-it-yourself approach to drawing up a contract is that while you may do a good – or great – job of describing the agreement between you and other parties in the contract, you may not be able to think about all of the ways the agreement between you and the other parties could take a turn for the worse.
In most cases, the purpose of a lawyer isn’t to handle the basic details of the initial promise between you and the other parties.
A lawyer, however, is going to look at the contract from a different perspective.
This way the lawyer can make sure there are not any hidden loopholes. This is also the only way to make sure all possible hiccups that could occur are addressed in the contract.
Basically, if you draw up a contract by yourself you are going to think about the small picture – the agreement you and the other parties have.
A lawyer at Mollaei Law, on the other hand, is going to look at the big picture instead – all of the different things that could happen after the contract is signed.
Should I Have a Lawyer Review My Employment Contract Before Signing?
A promising company has just offered you employment. You are happy with the numbers and ready to sign the contract.
Even though everything feels right, it is still in your best interest to have a contract review lawyer examine the contract before you sign on the dotted line.
In fact, there are a lot of reasons why you want a contract lawyer to review your employment contract before signing it:
- Job Security: Are you getting any sort of job security with this contract? This is a question only a lawyer can answer for you.
- Compensation and Benefits: A lawyer will make sure you understand what compensation and benefits are being offered through the contract with this job.
- Termination: This one is important. You want to make sure the contract doesn’t give the employer too much flexibility with how or why you can be terminated. The contract should ensure you must be terminated with just cause.
A contract lawyer is also going to look for non-compete clauses, moonlighting clauses, and invention clauses.
Basically, you need to know whether or not you can get another job in the same industry if you lose this job. You also need to know if your ideas and inventions are yours – or if they belong to the company.
How Much Does a Contract Lawyer Cost to Review My Contract?
Here you are – looking at a contract you drafted based on an outline you found on the internet.
You think it looks alright, but you also wonder if you should have a lawyer look at the contact. Then, you ask yourself, “How much is it going to cost to have a lawyer review my contract?”
Unfortunately, the answer to this question is the same as any other type of lawyer service you could need: it depends.
Some lawyers like to charge an hourly rate while others prefer a flat-rate basis. For some, the price varies with the contract.
Typically, hiring a lawyer to review a contract will always be cheaper than hiring a lawyer to draft a contract. A contract lawyer may offer a flat-rate based on how long the contract is or how fast you need the contract reviewed.
How to Find a Contract Lawyer to Review My Contract?
Finding a reputable contract lawyer to adequately and efficiently review your contract is not always an easy task. Unfortunately, just doing a quick search on Google is just going to bury you under advertisements of lots of different options.