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Simplifying Legal for Small Business OwnersAuthor: Danielle Liss
Way too often, legal is viewed as an expensive headache and business owners either avoid it or don't completely understand it. The goal of the Simplifying Legal podcast is break down complicated legal topics in short episodes that have specific action items for how to implement any recommendations. The podcast will give people a tool to help them take action on the areas of their business that may have been ignoring. Language: en Genres: Business, Education, How To, Management Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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057: Review Contracts Like a Lawyer
Tuesday, 19 April, 2022
I do a lot of contract reviews for clients, and what I see in these agreements covers a wide range. Yet, my clients frequently say the same thing: they don't like dealing with contracts and feel nervous about it because they're worried about reading them incorrectly. That fear typically translates into procrastination or anxiety about the agreements. Even though contracts can differ greatly, I usually tackle them using the same step-by-step process. If you're the type of business owner who doesn't love reviewing contracts and you want to feel more comfortable, then tune in to today's episode. In it, I talk about how to review contracts like a lawyer. Please subscribe if you haven't already. And if you like the show, I'd love it if you'd give it a review wherever you listen to podcasts! In this episode: [01:06] - Before diving into the topic, Danielle makes an announcement about the podcast. [03:08] - Danielle discusses the first step she uses when reviewing contracts: outlining your expectations. [04:08] - What questions should you ask yourself when considering prior contract discussions? [04:54] - Your contract strategy plays an important part in your outline. [05:46] - Once your outline is done, step two is so much easier to complete. How you do so depends on personal preference. [06:34] - Beware of falling into this trap during step two. It'll save you time. [07:48] - Danielle talks about the process and considerations for step three. [08:56] - If you choose to use the PDF format for your contracts, you could hit this speed bump. [09:53] - This is the step that makes most people feel particularly nervous. Danielle offers reassurance. [10:44] - Follow these action steps when reviewing your contracts. Links & Resources: Episode 41: "How to Handle Contract Revisions" Businessese Liss Legal
