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[Music] how exactly do you go about analyzing your contract here well go over how to evaluate a contract as well as tips for understanding and reviewing the contract in business and personal matters contracts are used to define the obligations responsibilities and recourse available to the involved parties whether youre a business owner an employee or a private individual its important to have the skills and knowledge to successfully evaluate analyze and negotiate all kinds of contracts what if you want to buy a house or an office building youre likely to encounter agreements for purchasing an agency disclosure or a property disclosure what if you want to hire someone to make a website for you in that case youll probably need a software or web designer agreement some of these contracts can be more than 25 pages long where do you even begin that depends on how effective you are at evaluating contracts heres how to decide what kind of contract is right for you contract type first