A business attorney reviewing a contract can advise you as to your rights and obligations under the contract, whether there are any red flags, and any other concerns.
A full consultation would be necessary to properly advise you.
Well, what you will want to consider is whether or not the attorney of your choice has both the legal expertise and experience...along with the subject matter experience of the type of business you are working with under the contract. Sometimes, a business development attorney who also has owned a variety of businesses over the years will have the business answer in addition to the legal answer. Understanding and reviewing a contract requires both an understanding of the law and experience with the operation of the business.
Shawn Jackson - California Business Development Attorney
Janet Spiro MartinFranchise LawyerMission Viejo, CA ·
Attorneys look for different things as you have seen from the posts here..I review business contracts to inform on the most concerning and negative areas legally, and give options to negotiate those areas with the other party; contrary to popular belief, virtually everything is negotiable, even if it looks like a form from a large company. A good business attorney will get you a better deal, or at a minimum inform you what to expect if or when things go wrong, by deciphering the legalease for you..
There are quite a few things to look for and far too many to name here. Some of them are: What are each parties' obligations? If a party breaches is there an opportunity to "cure" that breach? How is the Agreement terminated? What are each parties' rights if/when the agreement is terminated? Do you (or the other party) have the right to sue if the Agreement is breached? Or are to limited to judgment in arbitration? If you win your case in court or arbitration, can you recover your attorney's fees?
The key sections depend on what you hope to gain from that Agreement and the most likely areas of liability. It also depends on your relationship with the other party. You should consult with an attorney to get more specific advice. Best of luck.
I would strongly suggest that you retain a Contracts/Agreements attorney in your local area. There can be many pitfalls in any contract that an attorney would be able to find. You want someone that you can easily talk to, trust, and is experienced in Contracts law. Whoever you hire, ask them to review the contract for you and advise you of any risks that are noted and how best to avoid those risks. Make sure the attorney selected is also a very good negotiator. Best of luck.