Contract Terms Explained In Simple Language

by: Peter Cusimano
Business Lawyer - Barrister & Solicitor

Legal contracts often contain language that is difficult to understand by people who are not lawyers.

Common provisions or terms found in a legal contract may include any of the following:
  • indemnity
  • limitation of liability
  • confidentiality
  • intellectual property rights
  • license
  • termination
  • remedies
  • survival
  • relationship of parties
  • governing law
  • force majeure
  • severability
  • conditions
  • injunctive relief
You may have heard of these terms or seen them written in agreements, but you may not know what they mean, whether they help you or potentially can harm you in your business agreement.

The business terms may sound good, but should you sign the agreement as it is currently legally written or should the legal terms be modified more in your favour?

In order to assist you, it is recommended that you have a business lawyer who is experienced in dealing with business contracts review, and if necessary, make suggestions and modifications to the proposed agreement.

As a business lawyer, I deal with business agreements every day for many types and sizes of businesses. The service that I provide includes:
  • finding out what is your understanding of the proposed business arrangement
  • read and review the proposed agreement
  • determine if what the agreement says is consistent with your understanding of the business arrangement
  • make any suggested changes to wording
  • explain to you in plain English the meaning of the legal terms contained in the agreement
  • answer your questions
  • negotiate with the other party's lawyer (if needed)
If you want to get started with me reviewing your contract, contact me today.