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Do you
Need a Lawyer?
When starting a new business,
many wonder if they will need to consult a lawyer. It is always best to
consult a lawyer, particularly if your business is one where you will
be dealing with and signing many contracts.
Many are reluctant to do so,
however, because it can add significant expenses to a new or low-budget
business trying to get off the ground. If the contract is fairly small,
with little financial loss if the contract is broken, it may cost more
than the contract is worth to consult a lawyer on the matter.
Of course, there are instances
where you should always consult a lawyer when dealing with certain types
of contracts. These include:
- When you are asked to sign
a contract with confusing legal jargon you do not understand (or that
you believe may be made deliberately confusing).
- A contract involving a large
amount of money.
- A contract with a long term
commitment.
- A contract that involves
exclusiveness (i.e. you can only buy or sell a certain product to/from
a particular company, and no one else).
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