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Identify a contract to which you are currently obligated, or which you are considering. This case would be a lease. Examine and ascertain the following:
- Identify a contract to which you are currently obligated, or which you are considering. This case would be a lease.
- Examine and ascertain the following:
- Is there an attorneys' fees provision? Who must pay attorneys' fees and under what circumstances [for example, does the "the prevailing party" pay the fees? Or the "substantially prevailing party"?] Circle or highlight it, if present.
- Is there a forum selection clause? For example, is there a provision which designates where (which state or jurisdiction) any litigation will be heard? Circle or highlight it, if present.
- Is there a provision requiring arbitration in the event of a dispute? Circle or highlight it, if present.
- Is there any provision limiting damages in the event of a breach or dispute? Circle or highlight it, if present.
- Only if a payment is required, is there a penalty for making the payment late? Circle or highlight it, if present.
- Is there a severability clause in the contract? Circle or highlight it, if present.
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