Legal Question in Business Law in California

1. Not having a lawyer look at any contract involving serious money.

2. Not reading the contact.

3. Not obtaining a signed copy of the contract.

4. Not taking the contract home overnight before signing it.

5. Erroneously thinking there is a law providing for a "cooling-off" period.

6. Not immediately canceling a self-renewing "evergreen" contract.

7. Co-signing or guaranteeing other people's contracts or loans.

8. Signing anything involving gym memberships, franchises, or time-shares.

9. Not requiring good and sufficient collateral for a loan.

10. Not requiring a personal guarantee when dealing with a corporation or LLC.

11. Allowing oneself to be "pressured" into signing.

12. Signing a contract that can only be enforced in a geographically distant forum.

13. Signing a contract with an arbitration clause.

14. Erroneously thinking the court will help people who sign bad contracts.

15. Erroneously thinking there are only two types of mistakes.

They are "mistakes of fact" and "mistakes of law."