Everyone knows that before signing a contract you need to carefully read it. But not everyone understands what to look for while reading. But a lot depends on the terms of the contract.
Instruction manual
1
Make a list of all your desires, which should be reflected in the contract. It can be conditions and terms of payment, requirements for quality and service, your rights. Think carefully about what conditions are ideal for you and where you can make concessions. Write it all down so you don’t miss anything later.
2
Make a list of all the points that should not be in the contract. For example, there should not be excessive control over your activities. Look at such agreements and delete from the text everything that does not suit you. Make a list of such phrases.
3
Examine the contract offered to you, checking it against the prepared lists. Now you know how to analyze the finished text of the contract. Read it twice to make sure nothing is missing. All that does not suit you, put on a separate sheet.
4
Suggest making the changes you need. The time has come for negotiations. Discuss with your partner the possibility of making changes to the text. Say that you are ready for cooperation, but would like to correct some points.
5
Re-examine the contract. Sign it if everything is in order.
note
The contract must contain penalties in case of violation by the partner of his obligations. Just the prescribed responsibilities will not give you leverage, if necessary, and you can not do anything.
Helpful advice
Specify on what basis your partner signs the contract. Does he have a power of attorney to sign the contract on behalf of the company? Do not miss this moment, otherwise the contract may be invalid. Be sure to take one copy of the signed contract to yourself.
