5 Important Clauses to Check Before Signing a Business Agreement

Before signing, review the scope and deliverables, payment terms, liability and indemnity provisions, termination and post-termination obligations, and dispute-resolution/jurisdiction clauses. Definitions, schedules and limitation clauses should also be read with the operative provisions because the effect of one clause may depend on another. A clause should be assessed in the context of the entire agreement and the actual commercial relationship.

Important: This article is for general informational purposes only and is not legal advice. Contract law principles and case law should be checked against the law applicable to the particular facts, date and contractual context.