Why do we need contracts?
Contracts provide an essential framework for people and corporations to work with each other under negotiated conditions. The negotiation is often the most challenging stage of the relationship because each party will try to protect their own interests.
How are contracts negotiated?
Contract negotiation is one of the most unfair stages of the relationship as the legal resources of each party will impact the final “deal”. A less experienced party might not appreciate if the contract is complete or if a clause is acceptable if they are unable to anticipate their less obvious, but potentially damaging, future implications. Moreover, unlawyered parties might not know if certain clauses are up-to-date or even legal.
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How should contracts be negotiated?
Contracts should be easy-to-understand and contain standard terms which shouldn't need to be negotiated, redlined or reworded. Whilst more complex agreements warrant custom wording, the majority of agreements can and should be simple. Standard agreements are easier to understand and result in shorter negotiations and happier parties. To create tenancy agreements your tenants will actually read or employment contracts your employees will understand, read a legislate tutorial, watch a demo below, or join today.
The opinions on this page are for general information purposes only, and are not legal advice on which you should rely. Please consult with a lawyer if you want legal advice.