When to Prioritize Legal Review of Your Nonprofit’s Contracts [SUBSCRIBERS-ONLY]

Dec 21

Contracts are the lifeblood of any nonprofit organization’s day-to-day operations, just as with for-profit businesses. In an ideal world free from budget and time constraints, nonprofits would have every contract reviewed by a reputable attorney with the relevant subject matter expertise. Even the most simple and straightforward contracts can expose your organization to significant and wide-ranging liabilities and operational risks. However, for some organizations legal review is not always feasible.

While I would never advise an organization to forego legal advice to save time and costs, consider the following list of questions that can help you to determine when to make legal review a higher priority.

An image of a bookshelf with a blue overlay, with text explaining that this content is available to subscribers only, and that visitors can click the link on the image to start a subscription while current subscribers can click to log in or continue.

Contract LawRisk Management

Benjamin Takis

When to Prioritize Legal Review of Your Nonprofit’s Contracts [SUBSCRIBERS-ONLY]

Q&A #39 – How should a small-staffed nonprofit address audit findings on segregation of duties?

Q&A #38 – Is a nondisclosure agreement better than a confidentiality policy?

BECOME A SUBSCRIBER