Every business owner will have to deal with contracts in the course of doing their business. Two or more parties may seemingly agree on things over discussion but a lengthy document that is the contract may reflect terms that weren't agreed upon. Thus, it is important to review contracts carefully before signing them. A few things to look out for are the following: Terms - make sure to negotiate terms that are not agreeable to you Contracting Parties - make sure to know who you are dealing with Automatic Renewals - make sure you know about notices, penalties, retention/change of terms, etc. What other elements in a contract do you take time to review on before signing?