17/08/2026
π BEFORE YOU SIGN:
Have you ever received a contract and you were told : "Don't worry, just sign, it is our standard agreement.β ?
Please don't let that sentence rush you into signing your life, business or rights away.
A contract is not just a document you sign to close a deal.
It can create legal obligations that affect your money, your business, your intellectual property and your ability to exit the relationship.
Before signing a business contract, pay attention to at least these SEVEN issues:
1οΈβ£ Who are the parties?
If the other party is widely known by a nickname, ensure it's his/her legal name that's written as one of the parties & not the nickname alone. If you are contracting with a company, ensure its duly incorporated ( that's what makes it a legal personality with powers to enter into a contract)
2οΈβ£ What exactly are you agreeing to do?
Understand:
β What you must provide
β What the other party must provide
β Deliverables
β Deadlines
β Standards/requirements
If the obligations aren't clear, problems can follow.
3οΈβ£ When and how will payment be made?
A profitable deal on paper can become a cash-flow nightmare if payment terms are poorly structured.
4οΈβ£ How can the contract be terminated?
Don't only ask how the deal starts. Ask how it can end.
5οΈβ£ Who bears the risk if something goes wrong?
Pay attention to:
β’ Liability clauses
β’ Indemnities
β’ Warranties
β’ Limitations/exclusions of liability
6οΈβ£ Who owns the intellectual property?
7οΈβ£ What happens if there is a dispute?
π Save this before signing your next contract.
π€ Share it with a business owner.
If you need a contract reviewed or drafted for your business, the best recommendation is to engage a legal practitioner.
Be Legally Aware π