Contractual slides

13.08.2025

Rarely will a daredevil risk money, goods or his time without concluding a contract. And the one who shows the contract to a lawyer first will reduce his risks, or take them more consciously.

But there are non-standard cases: an urgent transaction, a contract of 30+ sheets… How to quickly understand the essence of the contract and calculate the risks?

Catch the top 5 tips + a tip as a gift

• 1. The main terms of the contract (subject, price, terms, payment, etc.) must be clear and understandable. Not clear or vague? Demand clarification and correction in the contract.
• 2. An equal volume of mutual rights, obligations and responsibilities, without bias in favor of one party. Bias not in your favor? The partner violates the principle of equality of the parties.
• 3. Do not fall for “oral” agreements. If it comes to a dispute, you won’t be able to rely on them.
• 4. Compare the final text of the contract with your amendments. It is much more difficult to make adjustments after signing the contract.
• 5. Always check jurisdiction. If jurisdiction is based on the location of the partner or an arbitration clause is specified, you are not an equal player in the business field.

Gift:

• 6. “We have a standard contract” is a myth of unkind partners. Any contract can and should be changed if the terms are not favorable to you. The exception is some types of contracts, but there are not many of them.

Any questions left? Ask us. We will share our experience and useful tips.