care while signing contracts

What should be taken into account while signing contracts

[ashish21cool]

Dear Friends,

I am in a state of signing my first link exchange contract with some foreign firm.

I would like to know what things should be taken into account so that I am not liable to any damage.

Please do let me know about what general conditions that I should add before signing the contract.

I am basically looking out for the penalty clause information to be taken into account while signing any contract.

I look forward to hearing from you.

Thanks for your time.

[Quadrille]

Don't worry too much about the penalties, worry about the benefits. A 'cross-border' contract is almost unenforcable without a very large bank balance, so while they cannot enforce the penalties, you cannot enforce the benefits.

Personally, I'd run a mile before signing a contract wwith abnyone about link exchanging. Either exchange, or don't. Then if you exchange now and regret it later (as you almost certainly will), you can simply remove the links and walk away.

Signing a contract for link exchange is like getting a lawyer to compose a suicide note. Expensive and futile.

[ashish21cool]

Dear Quadrille,

First of all thanks for taking out time to reply my query.

I need to sign the contract if I need to work for them, thats mandatory. The contract states whats the price, task to be done, what the contractor wont be providing to me....
So if I have to take a caution about penalty, what should I search for in the contract to make my side safe in worst conditions. Or is there any disclaimer or such notes in the contract which can be added to make my side safe.

Also give me your 2 cents on what exactly should be avoided in a contract.

Look forward for your reply.

Thanks.

[ashish21cool]

Hey Quadrille,

I am talking abt the service provider contracts. What should be avoided in a contract as a link exchange service provider to other company.

Thanks.

[Quadrille]

Hi,

sorry for delay in reply - the thread got moved and didn't show on "My Active" list.

I think I misunderstood you; you said "link exchange contract", and I was focussing on the notion of a link exchange governed by contract; not an attractive proposition!

However, from your responses, it looks like you are referring to either an employment contact, or a service contract - still a potential problem 'cross border' - but a very different one.

In this case, I really cannot give you any advice, beyond the fact that the contract must state which country's laws it will be governed by; or, if it does not, you may (probably) assume the contract will be governed by the originators country - ie them, not you.

So it likely all depends on which country.

What you don't want to do is be paid seriously in arrears, as chasing money will be difficult or impossible, and you need to be clear on the duration terms - and early cancellation terms. But if this will be your main income, I strongly suggest you get advice from that country.

And I'd suggest start short-term to see how it goes.

Sorry for the misunderstanding - and Good Luck!

[ashish21cool]

Hey!
Thanks for the reply.
I will see to it if its short and simple.
Also what is your field of work, I mean what do you do?
I am into SEO, web designing projects.
I look forward to heraring from you.

Thanks.