Anyone who has reached the age of majority and who is of sound mind can sign a contract in the state of Florida. Assuming that the deal is properly structured, its terms are usually binding on all parties. However, this doesn’t mean that a contract dispute will not occur. Let’s take a look at what you can do to minimize the risk of issues arising after a deal goes into effect.
Read the deal carefully before you sign it
Perhaps the easiest way to avoid a contract dispute is to understand the terms that you’re agreeing to before signing any paperwork. If anything about the deal seems unclear, you should ask for clarification as soon as possible.
Include dispute resolution steps in the contract
The contract itself can stipulate what happens in the event of a dispute. For instance, it could stipulate that they are to be resolved through mediation or before an arbitrator. In most cases, the decision of an arbitrator is final, which means that neither party to the deal will have a chance to appeal or otherwise delay the process of resolving issues that might arise.
A contract dispute may cost you a lot of time or money even if you obtain a favorable outcome in mediation or arbitration. Therefore, it’s generally in your best interest to make sure that a contract says what you mean it to say before signing it. It’s also a good idea to avoid signing a deal that has terms that you don’t think that you can realistically abide by. Otherwise, you may expose yourself to a potential breach of contract.