Read Terms And Conditions Before Signing Any Project Or Deal

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8 months ago

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Specially when the deal and project is connected with your finance, take time and read carefully and understand each section of terms and conditions and this is necessary to avoid any kind of unexpected issues. Recently I watched a movie where a man had an insurance of his building and when he went to the insurance office to claim his insurance he was refused because according to terms and conditions the insurance company doesn't issue any kind of fund when the asset is damaged by natural disaster and the building was damage by earthquake and the insurance holder get panic because it was his last hope.

Later the guy file a case against insurance company but he already signed in the papers so his case is invalid and unacceptable to the court. The insurance holder claim that he was cheated and the terms and conditions were written in small words in the paper that no one can read it but it was not a valid excuse but a good lesson for we people who sign official papers blindly. We also sign up for several accounts and wallets without reading terms and conditions because its a long writing and some sections are difficult to understand too. If you read it then you can ask more to know more but when you don't read and sign like a blind, many can take advantage of this blindness. So don't be blind when things are connected to your finance.

The movie story was just an example and a lesson for many of us who doesn't take time reading terms and conditions before signing any project or deal. Sometimes it can bring serious trouble and now I'll tell you about one more trouble that many face when doesn't read terms and conditions. Once an employee was super excited to join a new job and sign agreements blindly. 3-4 months later she found the job full of stress and sucking. So she decide to resign. Now job owner let her know about the agreement where there it was mentioned that an employee can't leave job before five years, if they try to leave for any kind of personal issue they either have to return company provided facilities of last few months as compensation or company has full right to do police case against the employee.

The girl had no option and she decided to continue the job for five years long. She is unable to pay back to the company and police case can spoil her reputation so no option left. Though these kind of terms and conditions are not common but an owner of private company can make terms and conditions as they want and a employee should read all terms and conditions before joining. If an employee is not fine with the terms and condition should leave the opportunity right there to avoid maximum trouble.

To avoid financial loss we should read agreement and private jobs and companies has full right to make their own terms and conditions so here the person will skip reading terms can face serious trouble. Many people just focus on money and fall into the trap but reading agreements before joining can save them from probable troubles but we don't understand it. Even no wonder that I'm lazy to read terms and conditions and sign it. Before having any trouble I would love to read terms, if necessary then we can read it using magnifying glass or zoom in screen. I wish we never fall into any trap and be able to avoid troubles.

Thanks For Stopping By!!!

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8 months ago

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True. We should always look at those "fine prints". Normally the conditions that are disadantageous to one party are written in small fonts.

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7 months ago

Do you know "Why I like most Elon Musk in whole richest community! The reason is simply that he knows how should start business! He understands terms and conditions regarding to business.... A businessman can't upgrade without best management.

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7 months ago

Terms and conditions are law technical terms means most of people are not lawyer so for example if every time you install a software you hire a lawyer to let you understand terms or conditions or for example every sign up on a website it will cost you a lot of money, also this is not far from insurance so hiring a lawyer needs money and not everyone could afford the cost. So if I read something I end up by not understand anything then was it the plus for me for reading them without hire a lawyer to explain me?

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7 months ago

Some terms are very clear at least we can decide we should go forward or step back at the beginning and yes hiring lawyer is also important that point I missed in my post above. Thanks for adding!

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7 months ago