How to Quickly Spot Risk in Contracts (Without Being a Lawyer)

Contracts are a part of everyday business, but the reality is many small businesses sign them without a lawyer reviewing them, often because receiving legal advice can be an expensive or time-consuming process (or both!) While it’s always best to get legal advice when you can, we recognise that’s not always practical. That’s why this seminar is designed to help you spot common risks, protect your business as much as possible and feel more confident when signing contracts on your own.

In this interactive session with Lext Australia, you’ll learn practical, repeatable techniques to spot common risks in supplier, sales and service agreements. We’ll walk you through a step-by-step checklist for identifying red flags like unclear termination rights, unlimited liability or one-sided indemnities that could put your business at risk.

You’ll also discover a simple risk-scoring method and see how to review contracts consistently and with confidence - whether you’re doing it manually or using digital tools.

This session will not replace legal advice but it will help you avoid costly surprises, protect your business, and make smarter decisions before you sign.
You’ll leave with:

• A practical contract risk checklist

• Real-world examples of red flags to watch for

• Clear methods to classify and compare contract risk

• Tips on how to streamline contract reviews across your business

Founded by lawyers with combined 50+ years of experience, Lext is an Australian legal innovation company based in Sydney. We make the law easier to access, practise, and learn, through scalable, accessible legal products.