WHY YOU SHOULD REVIEW YOUR CONTRACT/AGREEMENT BEFORE SIGNING
Contract review is the careful examination of a contract/agreement’s terms, conditions and provisions by a legal expert to identify potential risks, unfavourable terms, ambiguities and discrepancies to obtain an objective interpretation of its provisions and to verify compliance with relevant laws/regulations.
Contract review by a Lawyer is a very important step to ensure that agreements are legally binding, protect your rights and financial/investment interests, reduce potential risks and liabilities to the barest minimum, and prevent costly disputes or litigation.
You will notice that most contracts are couched or written in language that is not very easy to understand. Many of such terms are legal jargons that may have multiple forms of interpretation or may even mean something completely different from your intended meaning.
In some cases the contract/agreement may have terms that are craftily inserted by the other party to have an edge over you. These kinds of unfavourable terms may be couched in otherwise harmless and unsuspecting grammar and you may overlook it and sign.
As you may well know, you’re bound by whatever agreement/contract you sign as long it’s not illegal.
Need a Property or Business Lawyer to review your contract/agreement? Contact Apex Chambers, best Law Firm of Property/Real Estate & Business/Corporate/Commercial Lawyers/Attorneys with Law Office in Port Harcourt, Rivers State, Nigeria.