Do you feel anxious and agitated when you receive a longish agreement to be approved and signed, after you have negotiated and finalised all essential terms of the contract? Do you have your own in-house or dedicated legal team to scrutinise such agreements? Here is an 11 point checklist you can use before you sign an agreement.
A little line at the end of every contract or agreement asks you to sign and put a place and date of signing. Most people rarely pay attention to the location. But it can have far reaching consequences.
Material progress of any civilization is dependent to a large extent on upholding of sanctity of a contract and right to hold property/wealth. In fact, even the social order can continue only until people honour the tacit Social Contract which brought the society and State in existence. It is therefore vital for every person in business to understand the basics of contract law.
