Soar to Success November 2020

Bad Contracts: Red Flags toWatch For By Maritza Nelson, J.D. Contracts are everywhere in business. Fromonline click-through agreements to the service contracts you use with your clients and customers, contracts are part of doing business in the modern world. Contracts are like the rules to a game. Uno’s game will end in a fight if half the players aren’t aware of the unwritten house rules, if sections of the rule book aremissing, or if the rules say one thing, but the drafter meant something different. The rules need to be clear and unambiguous from the start, and they need to address as many what-ifs as possible.