Business

Reasons Why People Do Not Read Contracts When Signing

Understanding and reviewing every agreement you commit to is crucial for your protection, whether it involves a service sale, rental, employment, or any other kind of contract. Surprisingly, research shows that only about 26% of individuals meticulously review their contracts before signing. In situations where an employer might overstep the boundaries of a contract, seeking legal assistance from firms like Carey & Associates, P.C. is advisable.

Why do individuals often overlook the need to scrutinize contracts before agreeing?

Complexity and Length

A significant deterrent for many is the sheer volume of the contract. The longer and more complex the document, the quicker individuals tend to lose interest and focus, potentially missing critical information about their relationship with the other party involved. This oversight can lead to risky assumptions and misunderstandings.

Challenging Legal Terminology

Given that most people aren’t versed in legal terminology, the complexity of contract language can make it hard for them to grasp the full scope of the agreement. This lack of understanding can lead to accidental breaches of the agreement, potentially causing avoidable and costly disputes between the involved parties.

Difficulties with Presentation

With only 43% of individuals claiming to review their contracts thoroughly, the format of these documents can significantly impact readability and understanding. Contracts not available in electronic format may be cumbersome to navigate, while digital contracts might present challenges in data extraction and readability, making the review process tedious.

Risks of Not Fully Reviewing Contracts

A worrying 13% admit to never reviewing their contracts in detail. Not fully understanding the commitments being made can lead to agreeing to terms that are not fully understood, which might have adverse consequences.

Support from Legal Platforms

Platforms like Legislate offer a secure online space for drafting, modifying, and digitally signing contracts, enhancing accessibility and management of agreements post-signature and ensuring compliance with regulations. By drafting contracts in plain, straightforward language, legal teams can provide agreements that are not only legally robust but also ensure clarity and mutual understanding between all parties involved.

 

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Antonio Josse

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