10+1 Legal Tips Before Signing an Agreement

Entering into an agreement is never a simple formal procedure. Every signature creates binding rights and obligations and may have significant financial and legal consequences. The Contracts Law sets out the framework under which an agreement is considered valid and enforceable. However, beyond legislation, practical caution is necessary to avoid ambiguities, imbalances, and future disputes.
In this article, we present essential legal tips that every person should consider before signing any agreement.
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1. Ensure there is a lawful offer and acceptance
Every agreement starts with an offer and its acceptance. Without clear mutual consent from both parties, the agreement is not binding.

2. Check for “consideration”
The law requires that each party gives something in exchange—it could be money, services, or other value. Without consideration, the contract may be deemed invalid.

3. Confirm the legal capacity of the parties
Parties must have full legal capacity: they must be adults, of sound mind, and able to understand the consequences of their actions.

4. Ensure the purpose of the agreement is lawful
An agreement with an illegal purpose (e.g., violating the law) is automatically void.

5. Read the terms carefully
Pay close attention to clauses regarding deadlines, payments, penalties, and termination rights. Ambiguous terms can cause serious misunderstandings in the future.

6. Examine the duration and termination conditions
How long does the agreement last? Can you exit early without penalties? What are the conditions for termination?

7. Watch out for liability and indemnity clauses
What happens if the other party fails to comply with the terms? Are there penalties? Is there provision for compensation for damages?

8. Check the language and clarity of the text
If the contract is in a foreign language or contains complex legal terms, request a translation or explanation before signing.

9. Pay attention to jurisdiction and dispute resolution
Which court or procedure will apply in case of a dispute? Is there a provision for arbitration or mediation?

10. Calculate costs and tax implications
Beyond the main obligation (e.g., rent or purchase price), check if you are liable for taxes, stamp duties, registration fees, or other expenses.

10+1. Always seek legal advice
No general guideline can replace personalized advice from a lawyer. An experienced legal professional can identify risks that are not immediately obvious and protect your rights.
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Signing an agreement is a serious act with legal consequences, as it creates binding rights and obligations. Reviewing the terms, understanding obligations, and ensuring legality are essential for validity and proper execution. Every agreement requires due diligence. Prevention through proper legal guidance is the safest guarantee against disputes and protection of interests.

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Our team, GIORGOULA STYLIANOU LLC