You’ve decided you need an expert to review a contract for you – the next question you probably have is, ‘how much is that going to cost’?

As with all aspects of law, there’s no hard and fast answer. 

Costs vary depending on the type of contract and its complexity. In addition, you’re paying for the skills and expertise of the lawyer who is reviewing the contract.

An experienced lawyer can provide you with greater certainty before signing any contract. And it’s important to remember how valuable that certainty can be for you and your business.

Some firms will charge an hourly rate for services but don’t forget that any cost estimate given to you is just that – an estimate. Issues that arise during the contract review will be considered when your lawyer issues the final bill.

A contract lawyer can also help businesses identify what kind of contract is needed. And it can be helpful to understand if a contract is not going to achieve the desired outcome – is your contract going to be legally enforceable?

When it comes to contracts, the risks of getting it wrong cannot be overstated.

The greater the chance of the contract failing to achieve what its intended for, the more important it is to have a commercial or contract legal specialist working for you.

It’s best practice to engage a lawyer to draft and review business contracts for you, and here at Bickell & Mackenzie, we have the expertise you are looking for.

For any kind of commercial, real estate, or business contract, we have a legal specialist that can help you.

Phone our office on: (07) 3206 8700 or email: info@bimalaw.com.au to make an appointment.