Whenever you are dealing with contracts, it is important that you seek legal counsel. What is the benefit to hiring a lawyer to look over your contract before you sign it? In this movie, author Seth Polansky gives several points on why you need an attorney to look over your contract and gives a broad overview of how they can help you.
- As we discussed,…this primary's intended to introduce you…to contracts and contract terms.…It is not intended to take the place of consultation…with a knowledgeable and experienced attorney.…There are multiple reasons you should…consider hiring counsel to help you navigate…and negotiate you contracts.…One, if your contract is for a significant dollar amount,…two, if there are significant penalties for breach…which is breaking the contract.…Three, if you are contracting…with a sophisticated partner.…For our purposes here we'll consider…a sophisticated partner to be a large corporation…or someone represented by an attorney.…
And four, if you don't understand every single sentence…of your contract.…Don't be afraid to call an attorney.…In many instances,…you can hire a competent counsel…to do a contract review for under a thousand dollars,…well under a thousand dollars,…depending on the turnaround time…and complexity of the contract.…Keep in mind that a thousand dollars…is a small price to pay for peace of mind,…and it is absolutely better than costing…
Disclaimer: This course is taught by an attorney and addresses US law concepts that may not apply in all countries. Neither LinkedIn (including Lynda.com) nor the instructor represents you and they are not giving legal advice. The information conveyed through this course is akin to a college or law school course; it is not intended to give legal advice, but instead to communicate information to help viewers understand the basics of the topic presented. The views (and legal interpretations) presented in this course do not necessarily represent the views of LinkedIn or Lynda.com.
- Why do you need a contract?
- Types of contracts
- Asking for an NDA
- Work-for-hire and contractor agreements
- Proposals, quotes, and statements of work
- Licensing agreements
- Delivery and payment terms