Contracts and Contracting: Laws, Issues, and Tips

1. Laws, Issues, and Tips

2. •The Basic Format
•From the Vendor’s Perspective

3. •One-Sided Agreements
•A Real Contract?
•Making Browse wrap Work

4. •Confidentiality Agreements
•Degree of Care
•Have Ready-to-Go-Documents
•Limit the Subject Matter
•How Long?

5.  Warranties  Who Takes the
Loss?

6. •Judges Can Read
•It’s the Norm
•The Negotiation

7.  Real Life
 Avoid the Mess
 Features You Want

8.  The agreement should have a time frame if any aspect of your
transaction will occur in the future. If you are the party delivering the
services or goods, make sure that you are allowing yourself enough time
to complete the job. If you are the party receiving the goods or services,
make sure that the delivery schedule conforms to your needs. If you want
to contract for month-to-month services, make sure that you are not
signing an agreement that obligates you for a longer period.

9. • Note the obvious symptoms
• Watch for the non obvious symptoms

10. Exit Door
Five Points
1. First, consider who can terminate your contract.
2. Second, think about what you have to do to end the
contract
3. Third, consider how long it may take to cancel tour
obligation under the contract.
4. Fourth, think about where you would want to settle any
dispute that might arise from your termination of the
contract (read, l-a-w-s-u-i-t).
5. Finally, think about all the situations in which you might
reasonably want to cancel your contract, and make sure
that sure that your exit strategy covers you for all of
those scenarios.