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Contract Musts

BY STANLEY ZAROWIN

Please note: This item is from our archives and was published in 2005. It is provided for historical reference. The content may be out of date and links may no longer function.

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When negotiating a contract ask for every free or inexpensive option you can get. The other party usually is willing to give them away because they appear to be irrelevant to the dealbut sometimes they become very valuable later on.

When leasing a property, ask for an option to sublease even if you have no plans to do that. When committing to a long-term purchase contract, get an option to resell the goods you buy even if you intend to use them yourself. If circumstances unexpectedly change, you may need to sublease or sell the goods.

Stanley Zarowin

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