Five questions to ask before signing a business contract.

1. What exactly must each side do?

Look for measurable scope, deliverables, timing, dependencies and acceptance standards. Ambiguous scope is a common source of later disagreement.

2. When does money become due?

Review invoicing triggers, payment timing, disputed invoice procedures, deposits, expenses and any conditions that can delay payment.

3. How does the contract end?

Check the term, renewal mechanics, termination rights, notice requirements and what survives after termination.

4. Who carries the downside risk?

Indemnities, warranties, insurance obligations, liability caps and damages exclusions determine how risk is allocated if something goes wrong.

5. Where and how will a dispute be resolved?

Governing law, venue, mediation, arbitration, fee-shifting and notice provisions can materially change the cost and leverage of a dispute.