The Uncommon Area Archives | Action Property Management

Avoid Contract Catastrophes | Ep. 48

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Missing something small in a contract can lead to enormous consequences. Attorney Sandra Gottlieb talks about how to avoid big mistakes in a contract.

Key Topics
  • Importance of Indemnification: Understanding the crucial role of indemnification clauses in HOA contracts.
  • Contracts for Management Companies: Exploring why contracts for management companies differ and what considerations are involved.
  • Proposals as Contracts: Why proposals should be treated as contracts and the potential liabilities they entail.
  • Elements of a Binding Contract: Breaking down the key elements that make a contract legally binding.
  • The Role of Legal Counsel: The significance of having contracts reviewed by legal counsel to protect the HOA’s interests.
  • Standardizing Contracts: Strategies for standardizing contracts and creating addendums for different scenarios.
    • Episode Takeaways
    • Learn why indemnification clauses are crucial for protecting HOAs.
    • Understand the unique aspects of contracts for management companies.
    • Discover why proposals should be carefully reviewed before acceptance.
    • Gain insights into what makes a contract legally binding.
    • Recognize the importance of legal counsel in contract management.
    • Explore strategies for standardizing contracts to mitigate risks.
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      The post Avoid Contract Catastrophes | Ep. 48 appeared first on Action Property Management.

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      The Uncommon Area Archives | Action Property ManagementBy Action Property Management