If you are party to a commercial real estate contract, you have a strong sense of just how dense commercial real estate contract language can be. Chances are that when you have been presented with one or more contracts of this kind in the past, you’ve looked to an experienced attorney to explain to you which details were of note because trying to understand the ins and outs of every clause would have taken considerable time, effort, and brainpower. Delegating the basic understanding of such contracts to attorneys is both understandable and commonplace. However, you might now have questions about one or more contracts to which you are a party and you might find that you are unable to confidently navigate them without additional legal assistance.
It is very important to understand that needing guidance from a lawyer in the event that a real estate contract issue arises is not a sign of weakness or ignorance. As an experienced real estate litigation lawyer – including those who practice at Eric Siegel Law – can confirm, even fully qualified attorneys often have trouble deciphering the notoriously dense language that appears in commercial real estate contracts.
No two contract challenges ever unfold under the exact same circumstances. This is one of the many reasons why it is important to be proactive and reach out to a lawyer when you need clarification about your legal situation. Assuming that your circumstances will resolve in the same way that someone else’s has is very risky. By seeking personalized feedback and guidance from a lawyer, you can better ensure that your unique needs, priorities, and rights remain protected and that any negative consequences that could result from this situation are mitigated to the fullest possible extent.
Feeling hesitation about connecting with an attorney about a potential contract issue is understandable. No one gets excited about a trip to the real estate attorney’s office. However, if you give in to your hesitation and fail to schedule a risk-free consultation to discuss your concerns, the consequences could be significant. Contracts are legally enforceable documents. If you are found to be in breach of your responsibilities, it could cost you dearly. Similarly, if you don’t address another party’s breach of their responsibilities, it could cost you dearly. Speaking with an attorney helps to ensure that you have all the information you need to make informed decisions about your situation.