5 Tips When Offered A Contract

No matter the size of your contract this essential tips should be borne in mind:

1. Read the Entire Contract

It may sound obvious, but in the rush to move things forward, many people skim contracts or skip sections altogether. Take your time to read every clause, no matter how standard it seems. Watch out for sections that use complex or unfamiliar legal language, and don’t hesitate to seek clarification.

2. Identify Red Flags

Certain clauses can tilt the balance unfairly. Be wary of:

Non-compete clauses: Do they limit your future work opportunities?

Indemnity clauses: Are you being asked to take on excessive risk?

Termination clauses: Are the exit terms reasonable for both sides?

These terms might significantly impact your flexibility or financial liability.

3. Understand Your Obligations

Before you sign, ensure you fully understand what is expected of you. Are there deliverables, deadlines, or exclusivity requirements? If anything feels unclear or unachievable, ask for revisions or additional explanation.

4. Negotiate When Necessary

Contracts are rarely set in stone. If you feel uncomfortable with certain terms, propose alternatives. Negotiating isn’t confrontational—it’s about ensuring a fair and balanced agreement. Always approach negotiations professionally and focus on creating win-win solutions.

5. Get Legal Advice

Even if the contract seems straightforward, having a legal professional review it can save you from potential pitfalls. They’ll highlight risks and suggest improvements you may not have considered. Think of it as an investment in protecting your future interests.