Series | Understanding Contract Terms
In this iVLG blog series, we take common terms you see in your business contracts and help break them down, so you can understand what exactly the terms mean, the role of each term in your contract, and how to explain to the other side why the term makes sense.
We know that reading a contract can be a daunting task, especially when it’s full of words you may not have seen or don’t fully understand. Our goal is to help you understand why contracts include the “boilerplate” terms and how those terms may affect your business. Next time you sign on the dotted line, you’ll know exactly what you’re agreeing to.
The understanding contract terms series will breakdown the following contract terms:
- Force Majeure
- Conditions Precedent
- Choice of Law and Venue
- Limitation of Liability
Please feel free to comment below if you’re looking for additional information about another common contract term that is not on the list above.