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Home Q&A Forum Reviewing a business contract: cost?

Contracts

Business Contract

California

Asked on Sep 21, 2023

Reviewing a business contract: cost?

I am starting a new business and need to enter into a contract with a supplier. I have been provided with a contract to review, but I am unsure of the associated costs. I am looking for legal advice on the cost of reviewing the contract and whether there are any potential pitfalls or areas of risk that I should be aware of before signing.

1 Attorney answer

Answer

Contracts

California

Answered 254 days ago

Eddy M.

ContractsCounsel verified

Business Lawyer
Licensed in California
Free Consultation

The cost will depend on several factors: - Length of the document - Quality of the contract (if it's poorly drafted then it will require more work to revise) - Complexity of the transaction (the more complex, the more time is needed to understand it and solve problems) - Your leverage vs. the supplier's (if you don't much leverage, then the contract will require a lighter touch as far as revisions) The best course of action is to do an initial consultation with your lawyer of choice to discuss the above. After that, the lawyer will be able to give you a sense of the cost, and make a proposal on either an hourly rate or a flat fee.

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