2 Contractual Clauses You May Want to Avoid
“I am selling one of my three lube and tire stores to a large national chain that has similar shops all over my part of the country. Their attorney prepared the sales agreement. Our family’s lawyer pointed out two paragraphs he did not like:
- Arbitration: Instead of going to court, private arbitration is required in the event of a dispute over anything in connection with the sale or activities of the parties afterward.
- The loser to pay the other side’s attorney’s fees.
