Re: new to writing contracts - Posted by B.L.Renfrow
Posted by B.L.Renfrow on March 19, 2000 at 10:30:22:
I would agree - emphatically - with JPiper. Contract law can be terribly obscure…even for experienced investors. It is amazing how one word, or the lack thereof, can sometimes make a tremendous difference in the meaning of a clause or phrase.
The money you will pay an attorney to draft the contract is nothing compared with what you could lose if it’s done improperly.
After you gain some experience, and have the attorney-drafted agreements to refer to, you won’t necessarily need one for every deal you do in the future, but at this stage…pay the attorney!