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Meeting with an Attorney for contract/compliance plan

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QueenAlicia:
I have read the contract book several times. I have written my contract and it is about 8 pgs long so far.  I am taking it to an attorney soon so that I can have them insert verbage and look over it to make sure I am covered.  I think it's hard when you don't have an example of an actual contract with proper verbage.  Yes, the attorney's are going to cover this portion but I think I got stuck on verbage and what not.

Alice Scott:
If you knew the verbage, you wouldn't need the lawyer.

Michele:
I wouldn't get hung up on getting the verbage right before you take it to the attorney.  What's important is that you spell out what you want and how you want it handled, then the attorney puts it into the correct legal wording.  That's why it's important to have the attorney.  So that they can make sure it's worded correctly to accomplish what you want.  We purposely didn't include verbage because we aren't lawyers and each situation varies so much that the verbage would be impossible to include.

Michele

QueenAlicia:

--- Quote from: admin on March 18, 2011, 07:53:55 AM ---If you knew the verbage, you wouldn't need the lawyer.

--- End quote ---

This is true.  I like to be hands on and know and understand the document I am putting together since this business is my livelyhood.  I learn from reading things over several times and having a hard copy of something to use an example.  The book didn't have an example of verbage for each section or a sample/samples of contracts for this type of business. What was suggested in the book were good examples. This would have helped for those who don't have a clue on starting this type of business.  I don't have time to go get another degree or a certificate in paralegal or any other type of laws/rules/contracts etc.  It's obvious you guys aren't lawyers and wouldn't want people saying, "this is what they said to put in the contract," or "this is what they recommend because they know the legal side of this business" or any other wording that would cause someone sue you.  I've gotten questions from other newbies so I am stating my opinion and the questions I've been asked.

PMRNC:
Your lawyer should be doing more than just inserting verbiage. His job is to make sure the verbiage is backed up and within line of state and federal guidelines. For example, maybe in your state you cannot charge interest on a percentage (late charges). Or maybe in your state you cannot act in accordance with a collection agency, etc. One of the most important questions you should ask when he gives you your approval would be "If i were to hire or retain you, I assume you would stand behind this contract, compliance plan in a court of law?"  It's the same thing as the accountant who signs your tax return, they should be able to handle an audit or anything pertaining to that tax return.

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