Many people don’t realize just how important contract law is to our everyday lives. Contracts are not something reserved for lawyers and business executives, but govern many transactions from buying a house or car, signing up for a credit card, or insuring that car or house you purchased. If you purchase anything at a store you’ve entered a contractual transaction. We are constantly entering into, enjoying the benefits of, and possibly violating, contracts each and every day. If you run or manage a business, you will deal with even more contracts. Because of this, it is important for everyone to understand the basics of contracts, and essential for business owners to be able to interpret and draft contracts. This is where NOLO comes in. NOLO is the leader in publishing books that allow everyone to access legal information. “Contracts: The Essential Business Desk Reference” by attorney Richard Stim is an extremely useful resource text on contracts.
This is not the first book I would recommend or look to for the novice wanting to draft a contract, nor does this book have sample contracts or forms for multiple situations. What this book does contain is an alphabetical listing of just about anything you can think of involving contracts. It’s simply a contract encyclopedia. (While it has definitions like a dictionary at times, the entries are more like an encyclopedia than dictionary.)
Besides the definitions, the book also has examples of contract provisions, sample contracts, and sample clauses that you can insert into contracts you are drafting. In some areas, Stim provides a little extra information, such as the seven pages on negotiation. Obviously, there is much more to negotiation, you can fill book shelves with books on this topic, but it is nice to have a little aimed at contract negotiation.
While you probably won’t read this book cover to cover due to the way the book is written and organized (alphabetical listings), it is a handy reference to have on the shelf when you need it. And if you really want to know a lot about contracts, read it cover to cover. When reviewing a contract, this desk reference will enable you to look up parts of the contact to ensure you understand the document completely. Additionally, if you are drafting a contract, but are uncertain about part of it, this guide will be beneficial by assisting you with including the proper clauses. If you deal with contracts on a regular basis, you’ll be glad this handy desk reference is on your shelf.
"Contracts: The Essential Business Desk Reference," by Attorney Richard Stim
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