Wednesday 15 February 2017

Don’t Skip a Page: Why It Is Crucial To Read a Contract Before Signing

Contracts, policies, and other legal documents typically come in multiple pages, and for many people, reading them can be a struggle. But apart from being a bulky reading material, these documents are typically written in a manner too technical for the average consumer. Thus, to avoid being burdened with the task of reading these papers, many consumers just opt to affix their signature without doing due diligence.

Image source: executivehelp.com
Therein lies the problem. Without reading the contract in its entirety, the signee may have missed important clauses affecting the validity of the agreement.

Take for example a repair service contract. A policyholder who just focused on some portions of the contract and skipped the remainder of the document may be up for a shock when making a claim or reimbursement. Signing the dotted line without fully comprehending the terms and conditions of a contact can lead to penalties or unforeseen financial losses or additional expenses.

A contract is valid and enforceable once it is signed by all parties. For a fruitful partnership among all signing parties, it is critical that the contact is clear and understood by all.

Image source: livelaw.in 
Omega Autocare offers coverage for car parts and systems breakdowns not covered by factory warranty. Its team readily assists its policyholders with any questions or concerns they may have regarding their contracts. For more information about the company’s vehicle coverage plans, visit this website.