"LawGeex compares your legal document to thousands of others in our database" They should start selling those as well.
Probably cannot. Many databases of this type are constructed with confidentiality agreements.
Understand contracts before you sign them
21–30 of 93 posts
Re: Understand contracts before you sign them
#22I'm always shocked by the number of people who don't read the contracts they sign. It's one thing if you have hundreds of pages of legalese in front of you - I can see the value of a service such as this, or hiring your own lawyer for such cases - but for a few pages, five minutes of your time max, I just don't understand why so many people don't take the time to do so. One habit I've noticed in highly successful peo…
I think there are two things at play here. 1. People perceive they don't have a choice. For example when you visit the doctor and you have to sign 12 different form/contracts. Most people believe they either sign them or don't get treated. 2. Fear of not understanding. They think they wouldn't understand they legalese even if they tried, so why even bother? Personally I don't blame them. I've read contracts that were…
Thanks, those are some really interesting points!
I still find both explanations a bit strange, though. I mean, wouldn't you at least like to know whether there are any restrictions on operating a company from your rented accommodation, even if you perceive that you don't have any choice in it? Or even just where you stand in general?
I've also read some crazy legalese, but the thing is that I've read a heck of a lot more contracts that aren't legalese, and are very easy to understand.
That leaves me wondering whether it's the common introductory bits (e.g. that state "THE TENANT is John Smith") that make people give up early?
Re: Understand contracts before you sign them
#23We have the ability to calculate a rough estimate of the time required to read a given text. This means we can create a law that states that for a contract to be valid, each party must be given at least 80% of that time[1] for the contract to be considered valid.
Don't want to give the necessary 30-60min? Don't write so long of a contract, or figure out a way to do without.
[1] 20% is to remove any margin of error in the calculation; the exact amount is configurable
Re: Understand contracts before you sign them
#24We have the ability to calculate a rough estimate of the time required to read a given text. This means we can create a law that states that for a contract to be valid, each party must be given at least 80% of that time[1] for the contract to be considered valid. Don't want to give the necessary 30-60min? Don't write so long of a contract, or figure out a way to do without. [1] 20% is to remove any margin of error in…
Read or understand? This is legalese we're talking about.
Re: Understand contracts before you sign them
#25I'm always shocked by the number of people who don't read the contracts they sign. It's one thing if you have hundreds of pages of legalese in front of you - I can see the value of a service such as this, or hiring your own lawyer for such cases - but for a few pages, five minutes of your time max, I just don't understand why so many people don't take the time to do so. One habit I've noticed in highly successful peo…
Do you read the entire End User License Agreement before clicking 'Install'?
Re: Understand contracts before you sign them
#26I'm always shocked by the number of people who don't read the contracts they sign. It's one thing if you have hundreds of pages of legalese in front of you - I can see the value of a service such as this, or hiring your own lawyer for such cases - but for a few pages, five minutes of your time max, I just don't understand why so many people don't take the time to do so. One habit I've noticed in highly successful peo…
[deleted]
Re: Understand contracts before you sign them
#27I'm always shocked by the number of people who don't read the contracts they sign. It's one thing if you have hundreds of pages of legalese in front of you - I can see the value of a service such as this, or hiring your own lawyer for such cases - but for a few pages, five minutes of your time max, I just don't understand why so many people don't take the time to do so. One habit I've noticed in highly successful peo…
Do you read the entire End User License Agreement before clicking 'Install'?
Yes, I read every contract I sign my name to, or prevent myself from taking that action.
I didnt start doing this until I was probably about 16 or 17 and realized the terms that people were tying themselves to, and often that said terms were legally binding.
I have had employers and peers ridicule me when I take my time to always read everything in the contract, and I simply dont care, I will continue to do it anyway.
Re: Understand contracts before you sign them
#28We have the ability to calculate a rough estimate of the time required to read a given text. This means we can create a law that states that for a contract to be valid, each party must be given at least 80% of that time[1] for the contract to be considered valid. Don't want to give the necessary 30-60min? Don't write so long of a contract, or figure out a way to do without. [1] 20% is to remove any margin of error in…
There's no need for such a law.[1] If you haven't read it, or if you don't understand it, don't sign it. Problem solved.
If you don't have the confidence to ask for time to consider or seek advice about a contract you've been asked to sign, that is a different problem.
[1] In some jurisdictions there is a statutory 'cooling off' period for particular classes of contract (eg five business days for the sale of residential property) during which the purchaser can decide not to proceed, but there is no such need in relation to commercial transactions generally.
Re: Understand contracts before you sign them
#29I'm always shocked by the number of people who don't read the contracts they sign. It's one thing if you have hundreds of pages of legalese in front of you - I can see the value of a service such as this, or hiring your own lawyer for such cases - but for a few pages, five minutes of your time max, I just don't understand why so many people don't take the time to do so. One habit I've noticed in highly successful peo…
I think there are two things at play here. 1. People perceive they don't have a choice. For example when you visit the doctor and you have to sign 12 different form/contracts. Most people believe they either sign them or don't get treated. 2. Fear of not understanding. They think they wouldn't understand they legalese even if they tried, so why even bother? Personally I don't blame them. I've read contracts that were…
I've walked out of businesses and/or offices on account of contract terms offered. There is that option.
Re: Understand contracts before you sign them
#30I'm always shocked by the number of people who don't read the contracts they sign. It's one thing if you have hundreds of pages of legalese in front of you - I can see the value of a service such as this, or hiring your own lawyer for such cases - but for a few pages, five minutes of your time max, I just don't understand why so many people don't take the time to do so. One habit I've noticed in highly successful peo…
Software license agreements. Huge numbers of successful people click "ok" and don't read the license at all.