Tips for Business Owners on Handling Contracts
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Tips for Business Owners on Handling Contracts
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Attorneys Sarah Sawyer and Russell Berger discuss practical contract review tips for business owners who juggle many agreements and worry about delays. They urge using your own standard contracts when possible to speed negotiations and improve control. They suggest working with counsel to identify which provisions are true business terms versus legal term. Your attorney can assist with deciding which clauses are deal breakers, critical, or flexible so you know when to escalate questions. They emphasize understanding the contract’s goals and intent to avoid failed agreements and future disputes, and caution against signing provisions you don’t understand.
00:00 Contract Review Intro
00:42 Common Owner Concerns
01:12 Use Your Own Templates
01:46 Business vs Legal Terms
02:32 Intent and Mutual Understanding
03:51 Know Before You Sign
04:16 Red Flags and When to Ask
04:47 Wrap Up
