Thursday, August 12, 2010

Sign Here Please

I spend quite a bit of time reading contracts these days. I cannot remember which came first, the contracts or the engagement to an attorney. Ah, enter the termination clause...

My contract recommendations:
1) know why you are getting into an agreement in the first place
2) do not enter into an agreement without knowing how you are getting out
3) file an agreement in a semi-logical place - "under the stack" does not apply
4) arbitration is expensive - just flip for it
5) acts of God - these are a sign (see point 2 above)
6) if you have to refer to an agreement, the relationship (business or otherwise) was not on solid footing

If any of the above require additional clarity, consult a GBC attorney. We have a few.

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