Contract law is remarkably complex. As a layperson signing a contract for business or personal reasons, you may think you fully understand all the clauses and their implications. You may think there is nothing you have missed. However, unless you are looking through the expert eye of a contract lawyer, any contract can easily fall short, be incomplete, or lock you into something you would rather not have to deal with. When signing a contract, it is always best to hire a lawyer for contract review. Here are five reasons why hiring a contract lawyer is essential.
They Smooth Your Contractual Relationships
Written agreements are usually fairly routine, and most parties don’t have any real objections to their stipulations. However, sometimes one or more parties might take offense at some of the terms and provisions. When it is just the two parties hammering out the contract, and no objective party in the middle, acrimony can very quickly result. A contract lawyer can take over the drafting and execution of the contract, separating the parties from the document itself and providing an impartial mediator in the process.
They’ll Ensure The Latest Legislation is Used
State, federal and industry regulations change constantly. The two parties may not necessarily know what the latest laws say about their kind of agreement. They may draw up terms that contradict the law or take away any of the protections it may afford them. A contract lawyer can approach the agreement with a full understanding of the latest legal frameworks, and thus draw up a contract that is fully in keeping with them.
You’ll Receive a Better Understanding of The Contract
Contract lawyers are trained to understand the legal jargon that goes into contracts and to explain these terms clearly and comprehensibly to their clients. By having a contract lawyer on your side, you can thus gain a full understanding of the contract and its terms including all the implications of the agreement and its legal background. You will, therefore, not make any inaccurate assumptions that could lead to major losses further down the line.
They Will Find Loopholes and Close It If Needed
It is very easy to draw up a contract that misses key details, thus leaving one or more of the parties open to liabilities. However, the purpose of a contract is to protect yourself against these. A contract lawyer can review the document and seek out any potential loopholes that could land you in trouble. They can then rewrite the clauses so as to close up those gaps.
They’ll Help To Protect You Against Breach of Contract
Once the contract is signed, and you find yourself facing a breach of contract from another party – or being accused of one yourself – you will need your contract lawyer to be there for you. The same lawyer who drew up the contract for you can help you to enforce it later on.
If you are drawing up an important contract, come and speak to Westover Law. We are a firm of family law attorneys based in Murrieta, CA. Our contract lawyers will conduct a thorough contract review for you and make sure that you are writing and signing a document that follows legal guidelines and is airtight. Contact us today to book a consultation.