FAQs
What should I know before signing a contract?
Before signing a contract, you should thoroughly understand its terms and conditions, including obligations, timelines, payment terms, and any potential penalties. It’s crucial to clarify any ambiguities and seek legal advice if necessary to ensure you’re fully informed.
What should be in the contract?
A contract should include the identities of the parties involved, a clear description of the goods or services being exchanged, terms of payment, timelines, termination clauses, warranties, dispute resolution mechanisms, and any other relevant provisions agreed upon by both parties.
Should I hand in my notice before signing a contract?
It’s generally advisable not to hand in your notice before signing a contract unless you have absolute confidence in the new agreement and its terms. Signing a contract first ensures that you have a secure position before making any commitments that could leave you without employment.