From the course: How to Read a Business Contract
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Considering your options with business contracts
From the course: How to Read a Business Contract
Considering your options with business contracts
- You have completed this course about how to read a contract. We've covered the first steps you need to take when you get a contract, so you know what to look out for, and you know what you shouldn't do. We've gone deep to understand what you want, and how so much of what you want out of a contract is not necessarily legal, but commercial, and oftentimes, things that you already know. You get now that the contract holds all of your wants and needs in place, it memorializes it. We've also learned that knowing what the other side wants enables you to look for opportunities to optimize your contract as you review it. Then, understanding your deal-breakers prepares you to consider the wider impact of agreeing to certain types of provisions. Finally, we applied all of your learnings to practical ways to navigate a contract on your own. Now you can read a contract, which means you have options. You can talk to the other party, or you can instruct a lawyer. When talking to the other party…
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