Contract agreement is not one of the issues you treat with levity, even if it is a friendly one. These are the things you should consider before signing that contract:

1. Pay attention to details: Some very hard issues have risen from contracts that were not perused. The consequences of such range from mild to completely disastrous.

2. Trust your instincts: When you are not sure a contract completely favors you, or you don’t understand the legal jargons, postpone signing it till you talk to your trusted lawyer.

3. Negotiating the terms of the contract in your favour. You must take care to negotiate the finer points of the contract, try to get all the advantage you can get.

4. Hiring a lawyer. This will save you a lot of stress and give you a higher edge in the contract agreement.

5. Methods of resolution of disputes: This is one fact which is usually overlooked in the resolution of disputes. However, this should be considered before jumping on that contract. Would you like to negotiate with your partner in the event of a disagreement or would you like to go straight to court? It is important that this is considered throughly.

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