Legal aspects to consider before co-signing a business contract?

[Good-Person]

There may come many times when you may need to sign a contract, especially when you tend to finalise some kind of deals with the other party. However, there may be many legal aspects related to this as well. So, what are some of the main things you may need to consider before co-signing a contract?

 

[Nomad]

A business contract should be a legal document. In our country, the contract will get legal status and can be challenged against a partner only when the contract is registered with the local authorities and prepared by a lawyer. The contract documents should clearly mention all the governing terms including financial responsibilities.