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Generic contracts may have an attractive price tag; however, they can prove to be very costly and can cause serious problems for businesses. Consider that general provisions can determine the enforceability or non-enforceability of a contract and the enforceability or non-enforceability of the remedies available to the parties.
Some of the dangers that may lurk in general contracts are as follows: you may be personally liable for the contract instead of benefiting from liability protection of the business entity; one seemingly innocuous phrase, can destroy liability protection; some contracts need several due dates and commencement dates and these can be easily overlooked or drafted poorly rendering it ineffective; and, if one clause is missing or poorly drafted, you may have to pay for “nothing.”
Want to discuss you business contract issues with an experienced Boston business lawyer or Maine business lawyer? Click here to schedule a consultation with Michelle L. Grenier, Esq., an experienced Boston business lawyer and Maine business lawyer.
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When you are ready to discuss the legal issues associated with your business, click here to contact Michelle L. Grenier, Esq.
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