Another common mistake made in DIY contracts is a failure to perform due diligence.
The use of legalese by attorneys is much decried. In everyday speech, technical legal terms can indeed be unnecessary. In a contract, though, eliminating specialized legal terminology is not always desirable.
Contracts should leave as little as possible to interpretation. If they do not, one party may try to find ways to avoid their obligations and impose new terms on the other party. Substituting vague or poorly defined contractual language for precise legal terms can leave too much wiggle room in a contract, opening the door to disputes.
Contractual terms may be difficult to understand, either by themselves or in the context of the document. That does not mean that they should be abandoned; it just means that an attorney should clarify them prior to signing so there is no misunderstanding.
Book a Business Development Planning Session by visiting http://www.reidcouncillaw.com or give us a call at (215) 258-4620 to learn how Reid Council Law Firm can assist in both preparation and interpretation of appropriate contract language.