When asked to sign the dotted line on a contract agreement it is important to read what you are signing first!
After signing a contract with a particular gym for a ‘free’ weekly pass, a couple of weeks later I started receiving debt collection letters informing me that I have not paid for my gym membership.
I thought I had just signed up for a free weekly pass but apparentley if I did not inform someone at the gym after my ‘free’ week that I did not want a membership then I was locked in for a year.
So, like I learnt, it is important to read the fine print for any contract you are required to sign.
“The first requirement is that there is an agreement, and any written contract should ensure that the agreement is clearly expressed and identified and that the parties intend them to be legally binding,” says Julie Clarke, co-author of Contract Law: Commentaries, Cases and Perspectives (Oxford University Press, 2008).
This entry was posted
on Tuesday, February 9th, 2010 at 6:42 am by Nicola
and is filed under Industry News.
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Signing on the dotted line…
After signing a contract with a particular gym for a ‘free’ weekly pass, a couple of weeks later I started receiving debt collection letters informing me that I have not paid for my gym membership.
I thought I had just signed up for a free weekly pass but apparentley if I did not inform someone at the gym after my ‘free’ week that I did not want a membership then I was locked in for a year.
So, like I learnt, it is important to read the fine print for any contract you are required to sign.
“The first requirement is that there is an agreement, and any written contract should ensure that the agreement is clearly expressed and identified and that the parties intend them to be legally binding,” says Julie Clarke, co-author of Contract Law: Commentaries, Cases and Perspectives (Oxford University Press, 2008).
This entry was posted on Tuesday, February 9th, 2010 at 6:42 am by Nicola and is filed under Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.