Contract Tips
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(pg. 1)
Any kind of legal arrangement that you will enter into should involve a contract. Whether its purchasing items from an online auction or subscribing online to a magazine subscription, you should know what you need before entering into a contract.
Here are some general tips on what to do before signing any contract:
Ensure that you will be signing a contract or that terms of an agreement are to be agreed upon whether these terms are in a written contract or posted online. If anyone suggests that you don't need a contract be suspicious.
Don't rely on representations advertised on a website only. The business situated at a website might disappear the day after you pay for goods that are never delivered. Websites can be set up and disappear quickly without a trace.
Only do business with reputable companies. You can search our Complaint Database or any database maintained by your local Better Business Bureau to determine whether there have been any prior complaints.
Identify the name and address of the other party. You will need to ascertain the legal name and address of the other party so that you know where to locate the other party in the event of a dispute.
Read the terms of your contract carefully. If you don't understand any term then ask to have the term clarified and reworded so that you do understand it.
Make sure that all essential terms are contained in the contract. Without all essential terms your contract might not be enforceable.
Ensure that all the terms of the contract are specific and not vague. Disagreements arise because vague terms or ambiguous wording is used.
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(pg. 1)