The most important relationships that businesses have are established by contract, whether it is with employees, customers, suppliers or service providers. It is important to have someone in your organization read each contract fully, even the dreaded fine print and boiler plate clauses. Although we all hope that most parties we do business with will be fair with us, contracts can be and are written to be lopsided in favor of the party that presents it. Some states have introduced protections against a lot of clauses, as a matter of public policy, but protections only apply to consumer contracts and not business-to-business arrangements. KPPB LAW’s Corporate Attorney Sonjui Kumar shares her insights into contract issues in the latest issue of KHABAR Magazine. Learn about the common contract traps here.
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