Did you sign a contract without reading the fine print? This mistake could cost you dearly.

Many entrepreneurs and small businesses, in their eagerness to move forward quickly, make a costly mistake: signing contracts without proper legal review.

At first glance, the document seems clear. But between technical clauses, deadlines, penalties, and hidden conditions, you may be committing to obligations you don't fully understand or that are detrimental to you in the long run.

Three clauses you should not overlook

1. Penalties for noncompliance: Some contracts establish automatic penalties, interest, or withholding of payments if a specific obligation is not met. Are you sure you can meet them on time?

2. Term and automatic renewal: Many contracts renew for the same period if cancellation is not notified in a timely manner. Did you know you could be locked into a contract for years without wanting to?

3. Jurisdiction and Applicable Law: Did you know that you might have to resolve a legal dispute in another city or even another country? This clause defines who will have the upper hand in the event of a dispute.

What can you do?

Before signing, consult with a lawyer. Even if it's a "standard" or "model" contract, each situation is unique and deserves professional review.

At Mejía Pérez Legal Consulting, we help entrepreneurs, startups, and companies understand what they're signing. Our approach isn't to complicate your life, but to help you protect your business with clear, practical, and accessible legal solutions.

Are you about to sign a contract? Write to us. We'll review it with you.

Disclaimer: The content of this blog is for informational and educational purposes only. It does not constitute personalized legal advice or a formal legal opinion. Each case requires a specific analysis. For legal guidance tailored to your situation, we invite you to contact Mejía Pérez Legal Consulting directly.