Simple employment contracts and similar documents that are straightforward typically don’t require an attorney’s review. But in some situations, you need a skilled contract review lawyer to protect your best interests. How do you know if it’s safe to go it alone, or when you should seek the help of an attorney?
Here at Savvy Esquires, PLLC, we handle contract review for a wide range of individuals, from startup investors to those starting businesses. In this article, we’re sharing when to consider hiring an attorney for contract review in Newark, NJ.
Which legal documents should be reviewed by an attorney?
As mentioned above, it’s not necessary to have an attorney review every legal document you sign. Some contracts are fairly straightforward, making them easy to understand. But in some situations, you’ll definitely want the expertise of a skilled attorney who specializes in contract review in Newark, NJ.
Consider hiring an attorney when your contract or legal document has the potential to:
Impact your finances
Contacts that may affect your finances include employment agreements, purchasing contracts, and more. A thorough review of these documents can help you better understand the extent to which your finances will be affected. An attorney can also make you aware of any hidden fees or similar red flags that are hidden in legal jargon.
Impact your responsibilities and/or liability
Some legal documents are designed to spell out your responsibilities and potential liability in certain situations. For example, liability clauses are commonly included in business contracts for many types of companies, including small startups and large corporations. Understanding your potential liability is key in these situations.
Affect your intellectual property
Licensing your intellectual property allows you to be compensated for your inventions and creative works, such as designs and manuscripts. That’s why it’s essential to ensure you are not signing your rights away when entering into a licensing agreement. A contract review attorney can help you fully protect your valuable intellectual property.
This is just a short list of situations when you should consider hiring an attorney for contract review in Newark, NJ. A good rule of thumb is this: if you don’t understand the contract, then it’s best to seek legal help.
Even if the contract appears to be simple and straightforward, there might be complicated legal language that can potentially impact your finances, liabilities, intellectual property, and more.
Understanding the importance of contract review
Hiring an attorney for contract review can potentially save you a significant amount of time and money in the long run. For instance, you may be unaware that you are agreeing to hidden fees or a large amount of liability by signing a contract without seeking legal help.
Another major benefit of hiring an attorney for contract review is that it can give you leverage. In some cases, the other party may be counting on the fact that the contract is difficult to understand without the help of a legal professional.
By fully understanding the terms of the contract, you can use this knowledge when opening up negotiations. Overall, hiring an attorney for contract review can better protect your rights and interests, and it may prevent you from being involved in litigation.
Speak with a contract review attorney in Newark, NJ
Savvy Esquires, PLLC, offers a wide range of legal services, including contract review, will preparation, and document preparation for startups and other businesses. Our transparent pricing and streamlined process allows you to get the legal help you need—quickly and affordably.
Contact us today for contract review services in Newark, NJ.