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Business Contracts – Why Customized Agreements Are Better Than Legal Forms

A contract is a legally binding agreement between two or more people or business entities that creates obligations for each party to perform. Some people prefer to go the “cheap” route by picking a form randomly off the Internet and plugging in details trying to customize the form without having the legal knowledge to do it right. When things go wrong, as they often will, if the completed form is enforceable at all the court’s interpretation of what it means can come as an unpleasant surprise to the nonlawyers who signed it.

If you’re going to get legal forms, get them directly from a competent lawyer instead of trying to pick something and make it fit to your situation without knowing what needs to be included to protect your legal rights.

A better course of action is to have your attorney actually draft a customized agreement that reflects your needs. Most business deals contain unique characteristics. In the long run, the extra you pay for a customized contract now can save you lots of legal fees later.

Mike Young, Esq.

Author Mike Young, Esq.

Mike Young has been practicing business and technology law since 1994 and is an angel investor in startups. He's been an entrepreneur since 1988. To get legal help from Attorney Young, click here now or call 214-546-4247 to schedule a phone consultation.

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