{"id":5367,"date":"2016-09-30T15:53:21","date_gmt":"2016-09-30T15:53:21","guid":{"rendered":"http:\/\/www.racinelaw.net\/?p=5367"},"modified":"2016-09-30T15:53:21","modified_gmt":"2016-09-30T15:53:21","slug":"contracts-including-simple-residential-lease-agreements-prepare-unexpected","status":"publish","type":"post","link":"https:\/\/www.racinelaw.net\/blog\/contracts-including-simple-residential-lease-agreements-prepare-unexpected\/","title":{"rendered":"All Contracts (Including Simple Residential Lease Agreements) Should Prepare for the Unexpected"},"content":{"rendered":"

By <\/span>Joseph G. Ballstaedt<\/span><\/span><\/a><\/p>\n

To properly draft a contract, a person usually needs to step into the future and understand unfavorable or damaging possibilities that could result as the contract is performed. Some possibilities may be extremely unlikely, and others may be difficult to discern on the surface, but a good contract will include terms that either prevent or minimize these harms. Certainly the stakes are higher in complex contracts involving millions of dollars, but even simple contracts where just a few hundred dollars pass hands can result in thousands (or even millions) of dollars of liability.<\/p>\n

Recently, I met someone who made a minor revision to a standard residential lease agreement, failed to fully contemplate how that provision would play out, and ended up with thousands of dollars of liability. Sadly, the rent at issue under the lease was almost a non-issue compared to the overall liability.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

By Joseph G. Ballstaedt To properly draft a contract, a person usually needs to step into the future and understand unfavorable or damaging possibilities that could result as the contract is performed. Some possibilities may be extremely unlikely, and others may be difficult to discern on the surface, but a good contract will include terms […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-5367","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"\nAll Contracts (Including Simple Residential Lease Agreements) Should Prepare for the Unexpected|Racineolson<\/title>\n<meta name=\"description\" content=\"To properly draft a contract, a person usually needs to step into the future and understand unfavorable or damaging possibilities that could result as the contract is performed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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