“We've Never Had a Problem”
Is Not a Contract Review Strategy.
Most businesses review about 20% of their contracts. The rest get signed after someone skims them. You haven't had a problem yet. That's different from saying you don't have exposure.
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Eyeballing contracts vs Kontractually - a direct comparison.
Based on publicly available information. Verify with each vendor before purchasing.
The contracts that cause problems don't announce themselves when you sign them. They surface 12-24 months later when a condition is triggered, an auto-renewal locks in, or a liability clause is tested. 'No problems yet' is a data point about the past, not a guarantee about the future.
'Pretty standard' is how most businesses describe every contract that later caused a problem. Standard contracts still contain material variations that compound over time - payment terms, liability caps, termination rights, IP ownership. Kontractually takes 3-5 minutes to review a contract you'd spend 30 minutes reading and still not catch everything.
Kontractually's Starter plan at $99/month covers 10 contracts. For a business signing fewer contracts, each one is arguably more important to review thoroughly - not less.
Auto-renewal clauses (binding you to another 12-month term if you miss a 30-day cancellation window), uncapped indemnification (unlimited liability in a scenario that seemed hypothetical), IP assignment (transferring ownership of work product you created), and unilateral amendment rights (allowing the other party to change terms without your consent). None of these look alarming on a quick read.
The contract you don't review is the one that comes back.
It doesn't take long. It doesn't cost much. It just has to be done before you sign.
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