Ah contracts again, my absolute favourite topic (yes I am a big contract geek, I just can’t help it!).
Today is all about the no-no’s you should be aware of in contracts. You know, those big red flags that should set off alarm bells when they come up.
These could be found in any contract – a client one, an employment one, a supplier one or even a manufacturer contract (just to name a couple).
I’ve heard many a horror story of people signing a contract they either didn’t read, or didn’t fully understand. Those contracts contained one of the clauses mentioned below, which in turn caused a BUNCH of issues…the worst being a business having to fully shut down operation. Not good at all!
I want you to be aware of these, so when you’re reading your contracts (and please always do) you know to be wary.