Last year, I wrote an article for this publication that drew attention to some of the greatest words of wisdom I've ever heard from a construction attorney. Those words are worth repeating: "It's better to sign a bad contract with a good person than a good contract with a bad person."
Left unstated was that the best of all worlds would be to sign a good contract with a good person. In any case, everyone in the contracting business ought to be on the lookout for red flags in contract language.