Nov 16, 2020 Business

Am i bound to a business document i did not read

With a few exceptions, generally yes, you are bound to a business document you signed even if you did not read it. Sophisticated businesspeople do not gamble on the exceptions. They consult with a good business attorney to ensure that their rights and interests are adequately protected. Doing helps them to fully understand the terms so they can make the business decision whether or not to sign the agreement.

With a few exceptions, generally yes, you are bound to a business document you signed even if you did not read it. Sophisticated businesspeople do not gamble on the exceptions. They consult with a good business attorney to ensure that their rights and interests are adequately protected. Doing helps them to fully understand the terms so they can make the business decision whether or not to sign the agreement.

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ABOUT THE AUTHOR

Written by David Steinfeld

 David Steinfeld is one of the few Board Certified business law experts in Florida. He has been licensed for almost 25 years. He is AV-Preeminent rated, ranked as one of the Best Lawyers in America by U.S. News and World Report, and consistently named a Florida Super Lawyer and one of Florida’s Legal Elite. Dave has also received Martindale’s prestigious Judicial Edition Award for high reviews by Judges, its Platinum Client Champion Award and has a 10.0-Superb rating on AVVO as well as a 10.0 rating on Justia, lawyer reviews websites.

Check out business lawyer David Steinfeld online for helpful videos and articles on Florida business law, real estate disputes, and electronic discovery solutions for your business. This article is provided for informational purposes only.

What makes up a contract
Under Florida law, contracts are ordinarily required to have three legs on which they stand. They must contain an offer, must be accepted, and importantly must have consideration.  Not all contracts have to be written, but without a writing trying to later prove what was agreed, like the terms and the performance by each party, may prove very difficult.  So, the simple solution is just to have written agreements preferably prepared by your business lawyer.

Can I write a business contract without a lawyer
Business contracts do not have to be formal, lengthy writings with arcane legal terms. Any writing that defines the parties rights and obligations can be considered a contract, even an e-mail exchange. But unless you have the knowledge of an experienced business lawyer, trying to do it yourself may lead to very expensive and complex problems later. Further, getting advice from a business or contract attorney provides objective advice that can result in a better and stronger agreement and even reduce the costs of a future disagreement.

Do I have to hire a lawyer to draft my contracts
In Florida, people involved in business enterprises are deemed to be sophisticated individuals. Because of this, it is prudent for any business to have it attorney review proposed agreements as part of the due diligence process in any transaction. Also, by so doing, managers, officersComputer Technology Articles, and directors of the business can insulate themselves from claims of malfeasance by the members or shareholders.  

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