Contracts: Ignore Them (Or Skim Through Them) at Your Own Risk
This blog post was written by Shawn Stogsdill, an attorney at Van Osdol KC.
This article has been written by the law firm of Van Osdol, P.C. for the reader’s general knowledge. Please understand that nothing in this article should be taken as legal advice for any specific situation. By writing this article, Van Osdol is not intending for any attorney-client relationship to be established and is not offering legal services to the reader.
Contracts underpin the business world. Without them, there would be no written records of what goods and services and obligations belong or were owed to whom or upon what terms such good and services and obligations were paid for. A sophisticated society cannot function without contracts.
Contracts come in all shapes and sizes depending on the purpose and scope of the transaction contemplated by the parties. There are employment contracts, goods and services contracts, leases, and asset purchase agreements, just to name a few.
For many business owners, contracts are a hindrance to their enterprise—they would rather be developing or selling their product or service than spending (wasting) time documenting the terms of the sale of that product or service. As a result, important pieces of contracts can easily be skimmed over, misunderstood or disregarded altogether, often with serious consequences.
Business owners are asked to be a party to numerous contracts over the lifetime of their enterprises. Unfortunately, many make the mistake, for whatever reason, of not getting lawyers involved. Lawyers are trained to read the fine print, so to speak.
This session on contracts aims to educate business owners on the importance of clarity in contracts as well as the consequences of ignoring or failing to understand all of the provisions.
On Tuesday, December 11, Van Osdol is coming back to Bridge Space as a part of our free legal seminar series to the community. December’s training will discuss contract: why you need them and what they need to say.
The post Contracts: Ignore Them (Or Skim Through Them) at Your Own Risk appeared first on Bridge Space.
You might also like...






