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When you’re reviewing a business
contract, you want to make sure it
incorporates a complete story so that a
stranger reading the contract will have
the same understanding the parties have.
You want to make sure all the terms of
the deal are recited in the contract in
a way that a complete stranger to the
deal will know what you’re talking
about. The risk clients take is often
they shortcut. They write a deal on the
back of a napkin or a handshake or it’s
something they scribbled out themselves
and nobody looking at it will know what
it means. So if there’s a dispute, they
end up with different understandings.
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Los Angeles, CA business attorney Johnathan M. Deer talks about the important considerations in reviewing business contracts to avoid disputes.