Contract issues are more common than you think. Edye Edens shares the five critical areas you should always review before signing:
- Basic Details & Formatting – Ensure names, dates, and references are correct, pages are in order, and there are no typos or inconsistencies from previous templates.
- Appendices & Exhibits – Verify that referenced documents, such as addendums, exhibits, and budgets, are included and properly linked to the contract.
- Budget & Payment Terms – Clarify payment schedules, invoice requirements, dispute procedures, and financial obligations to avoid misunderstandings.
- Choice of Law & Jurisdiction – Understand which state or country governs the contract and whether arbitration or legal obligations align with your interests.
- Termination Clauses – Review conditions for ending the contract, including payment responsibilities, study impacts (for clinical trials), and notice periods.
A thorough review of these areas can prevent costly mistakes. Need expert guidance? Call us.
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