What are the risks of a business trying to draft its own contracts without hiring a lawyer?

Minneapolis business litigation attorney George Antrim III explains why it is advantageous for a business to hire a lawyer.

Contact George Antrim III

Email: [email protected]

Phone: 612-872-1313

Transcript:

Well, with the advent of the information available on the internet and word processing, people become their own lawyers. They think, “Well, I’ll grab a piece of this contract from this website and I’ll grab a different piece from that website, and we’ll paste it all together and we’ll have a good contract.” I would not recommend that. That’s really not the way to go about contract drafting.
Contract drafting is a process involving intense communication between the parties that are attempting to enter into an agreement, and it’s the process that’s very important. You end up with a finished product that either party can sue over, but more importantly, hopefully the two parties have communicated with each other so there won’t be any dispute at all.