Similar things can happen with even the simplest of contracts with your customers. Download from the Internet all you like, but recognize that the document you copy 1) may not reflect the most recent changes in the law (how will you know?—ask a lawyer!); 2) may contain provisions that are harmful to your business (or omit ones that could help you), and 3) may not properly reflect how you want to do business with your customers. Internet contracts may raise some of the important issues, without a doubt. But they don’t necessarily deal with the specific issues of your situation. In short, when downloading from the Internet: “one size fits all” usually means “one size fits none”.
How to avoid this pitfall: Ideally, by working with an attorney who really understands the legal issues that small businesses face. Although some entrepreneurs may try to economize with a do-it-yourself approach, they often end up costing themselves more because they are not trained, as attorneys are, to spot the issues and problems that can harm them. Taking the time to find a lawyer who meets your needs is one of the best investments you will ever make in the growth of your business. Find out more about how to hire and work with attorneys—and keep your costs down—by listening to the free audio class available through WiseCounselPress. With the help of your lawyer, you can start to make the smart decisions that will protect your company and save you money!
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