Before signing a contract it is important to take the following steps:
Review the contract thoroughly. Read every portion of the contract carefully to make sure you understand the terms and conditions of the agreement.
If you are signing the contract on behalf of another entity, make sure you have the legal authority and approval from decision making parties within the organization to move forward.
Negotiate terms and conditions that are not favourable to your position.
Ensure that all amendments to the agreement have been addressed and a clean copy of the contract is available for additional review.
Confirm the signatory authority to the contract - an individual with permission to sign on behalf of the organization.
[If you are signing a contract on your own behalf, and are under the age of eighteen, a parent or guardian will need to sign on your behalf.]
The role of a lawyer in this process ranges from contract review, negotiation, drafting and correspondence with the other parties to the agreement. A lawyer will act on your behalf, in your best interest, throughout the entire process to facilitate the execution of a contract.
When parties sign a contract with one another it is a clear indication that they are entering into a legally binding agreement and are committing to the terms, conditions, obligations and duties agreed to under that agreement.
To speak with a lawyer contact us via email at erikamisasi@misasilegal.ca, Instagram at @misaslegal, phone at 647-297-5007, or visit our website atwww.misasilegal.ca for more information.
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