10 Common Contract Gotchas to Avoid
Business News Daily talked to business owners, attorneys and other experts to find out what common contract “gotchas” you should be on the lookout for.
The article, by Adam C. Uzialko, starts by warning about the use of terms like “notwithstanding,” which can contradict a party’s previously stated obligations.
Other topics include intellectual property clauses, last-minute revisions, specific accounting practices, automatic-renewal clauses, financial obligations, forum selection clauses, foreign laws, at-will clauses, and client acquisitions.