Small business owner: How to avoid costly contract mistakes

Many small businesses operate without their own lawyer — and then contracts can easily be incomplete or not properly understood.

It's completely understandable, but it can lead to costly arguments and misunderstandings.

Here are three things you should check for in every contract:

1️⃣ Are responsibilities and boundaries clearly defined? Unclear responsibilities can be a cause of disputes.

2️⃣ Is confidentiality in order? Trade secrets and customer information should always be protected.

3️⃣ Is the contract written in plain language? If you don't understand the contract, you can't follow it.

I help small businesses draft and review confidentiality and collaboration agreements in a clear and practical manner.

When you receive a contract, do you understand what you read? Photo by Van Tay Media on Unsplash