5 contract clauses that cost people thousands (and how to spot them)
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After analyzing hundreds of contracts, here are the sneaky clauses I see most often:
1. Unlimited liability — You're on the hook for everything
2. Auto-renewal with long notice periods — Miss the window, locked in another year
3. IP assignment on "work product" — They own everything you create, even unrelated stuff
4. Non-compete buried in NDAs — Can't work with competitors for years
5. Unilateral amendment rights — They can change terms anytime
Which of these have you encountered? Any I'm missing?
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