Do-It-Yourself Business Documents = TROUBLE

We live in a world where many people take great pride in doing things themselves. The Internet has provided a way for us to view instructional videos or research websites if we don’t know how to do something. Although this type of help is beneficial if you are building cabinets or learning to change the oil in your car, when it comes to drafting legal documents, nothing can replace the assistance you get from a business attorney.

• Generic nature of DIY documents . The documents you find online or in instructional books are very general. They are designed to cover a broad spectrum of different business types in one template. Thus, the unique nature of your business is not considered and the DIY contracts are not tailored to meet your specific needs. A DIY source does not ask you any questions or help you anticipate the risks that face your company. By saving a few dollars now, you are placing your business in jeopardy in the future.

• Specifics are important . The saying that the “devil is in the details” is never more true than when it comes to legal documents. The failure to include a certain clause or forgetting to include a certain detail can be devastating. Having an experienced attorney draft and review your contracts can prevent mistakes that can be extremely expensive to litigate.

• Relationships matter . A DIY legal document does not take into account the relationship you have with the other party. When you are negotiating a contract, it is important to consider how the other party interacts with you in reaching the agreement. If negotiations are fair, then your attorney can help you draft a comprehensive document that outlines all the terms of the agreement. However, if the negotiation process reveals concerns regarding the other party, your legal counsel can help you decide whether or not you should proceed with the contract.

• Continuing advice . When you use an attorney in negotiating and drafting your contracts, he or she becomes educated about your business and your goals. Thus, as issues arise, you can call your lawyer for quick advice. DIY sources provide no on-going assistance or advice. Partnering with an attorney can help ensure that your company remains in compliance with the law and is protected when disputes occur.