We see this so often. People quickly sign contracts but pay little attention to what they are signing. Just because it is neatly typed and looks professional, it doesn’t mean that it is fairly written. In fact, most likely, it’s not!
If you are going to purchase a large ticket item, enter into a construction agreement or sign a long term lease, it pays to have someone look over that contract because once it’s signed, it can’t be changed.
There are certain provisions that should always be drafted in your favor. For instance, if there’s a dispute, can payments be halted? Where will it be resolved? And who pays the attorney fees and costs? If you die, will it end or bind your estate or heirs?
At the very least, enter into a large value transaction on even footing with the other side, and have that contract reviewed by someone on your side. For there’s nothing worse than playing for big money, when the odds are unfairly stacked against you.
“We do what we do and do it well.”
REAL ESTATE, ESTATE PLANNING & ADMINISTRATION, TAX, CORPORATE
115 BLOOMINGDALE AVE., SUITE 201,WAYNE
Serving the Main Line for over 25 years