Hey, can you quickly review my contract?
No, I canβt.
This is for the lawyers. And those who ask lawyers to βquickly review contractsβ (translation: can you review this contract youβve never seen before nor been involved in, for free, do it well AND quickly, so I can make sure Iβm ok to sign it?)
Even though Iβm not a practising lawyer anymore, I still often get asked to review contracts.
I donβt mind doing things for free, but spare a few thoughts for your good lawyer friends:
Often a PDF or Word doc lands in our WhatsApp(!) or inbox. Itβs over 10 pages long. Or 50. And has another document attached, or needs to be read with it. So straight up, letβs forget about βquickβ.
That PDF gets sent with little or no explanation as to how the contract came about or what itβs generally about, including what the contract is worth, who pays who and by when and what for. Context is key. And we need it from the start. Otherwise we waste time trying to work out the fundamentals by ourselves. Help us help you.
Lawyers donβt know every area of law. Before asking for help, what area of law do they practice? As a former corporate M&A lawyer I get asked about things I donβt specialise in, like commercial office leases, financial regulations, loan agreements, employment contracts, agency agreements, land disputes and of course, speeding tickets. Yes we can read contracts, but weβre not experts in everything so we donβt know whatβs typical or unusual for your contract. However, we know how to find answers or point you to someone else. This takes time because we still need to read the contract first. Even so, our review from a common sense legal perspective will be extremely helpful. Next, how do we point you in the right direction? This is even more valuable. It saves you time (googling yourself doesnβt guarantee youβll find the answer. Most people donβt know what kind of lawyer they need. Even if they do, they donβt know who is a βgoodβ lawyer). And just like that, βquickly look at thisβ turns into 5 extra things including βcan you recommend a good XYZ lawyer and introduce me?β
Do you expect to work for free? No? Neither do we. But sometimes when you ask us, it implies that youβd like us to, do it well, and do it quickly because βit shouldnβt take us that longβ. Often the contracts are worth thousands, tens of thousands or even hundreds of thousands of dollars. And yet, weβre being asked to review for free. This is actual work for us. It means we read it, understand it, apply a critical mind AND give you comments.
You think this will βonly take 5 minutes.β We know weβll need AT LEAST an hour. However, that hour took me 5 years of legal education and 14 years of legal experience to develop. Not all hours are created equal. More importantly, whatβs an hour of your time worth to you? And do you know how much legal fees per hour are generally?
Iβm happy to review things for free, and I have done this more times than I can count. However, donβt expect my help if you donβt bother looking at my comments, sign the agreement anyway and donβt tell me or if you donβt even appreciate my time generally. Refer to each of the points above.
Finally, our βendorsementβ (although itβs not formal legal advice) is the reassurance you need to commit or sign an agreement worth large sums of money. Thatβs still pressure for us, because our integrity and ethics (and the fact that we actually want to help you) are at stake - thatβs who we are.
For the lawyers out there, let me know if you can relate. Iβd love to know. Remember, itβs ok to set boundaries, say no and honour your values.
And for those needing someone to βquickly reviewβ your contract, go ahead and ask. After youβve read this post.