Chapter 7

Should I hire an attorney?

So you're messing with contracts now. The question pops up; Should you hire an attorney to help you understand the contract?

An attorney can make sure that you aren't being taken advantage of.

Attorneys are expensive. You've got to determine if the cost of the attorney is worth it in contrast to the cost of the site you are selling.

I'll tell you, when I sold my first site I really wanted to hire an attorney. I was scared and nervous and completely sure that the company would screw me over if they could.

But, I simply didn't have the money at that time! With the number of times we redrafted the contract, it would have cost me a bundle.

I would have made the money back with the sale of the site no problem, but what if the negotiations fell through? These things often happen.

I've had deals that lasted months, then the day we went to sign the final draft the company simply changed their mind and decided they didn't want to buy the site anymore.

So it's a hard question to answer. If you think you can get away with not hiring a lawyer, then don't. If you're talking about a multi-million dollar deal, then bite the bullet and get a lawyer.

At the very least I would find an attorney and talk to them. See how much they will charge to simply look over the contract for you to make sure you aren't being taken advantage of.

Finding a good business attorney can be tough.

I would recommend asking your local Small Business Association for a recommendation, or try contacting your local area Chamber of Commerce.

Check the phone book as a last resort only. Try to find an attorney that someone you trust has recommended to you.


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