3 Contract Red Flags to Check Right Now that Can Keep You In Contract Purgatory
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3 Contract Red Flags to Check Right Now that Can Keep You In Contract Purgatory
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About this listen
Three contract red flags every business owner should check right now.
Red flag #1: You're operating under an expired contract. A one-year contract ended, but both parties kept performing. You've created legal ambiguity that could blow up in a dispute.
Red flag #2: You have an auto-renewal contract and missedthe cancellation deadline. Many contracts renew automatically unless you give 30, 60, or 90 days’ notice. If you want out, you need to know those deadlines NOW.
Red flag #3: You're paying for services you're not using. Just because you signed it doesn't mean you have to keep it. January is the time to renegotiate or terminate contracts that aren't serving you.
Pull out your contracts this month. Check the dates. Calendar the deadlines.
WANT A FULL 7-POINT BUSINESS CHECKUP CHECKLIST?
Get the complete Beginning-of-Year Business Checkup Checklist at https://kingpatentlaw.com/business-checkup-checklist/
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Disclaimer: This information is for educational purposesonly, is not legal advice, and does not form an attorney-client relationship. For advice about your specific situation, consult with a licensed attorney.