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by reagency 3902 days ago
No competent client, or their lawyer, should trust that summary.
2 comments

No summary or contract is trustworthy, so no, they shouldn't trust it. Trust is between parties, not between papers. It's more of a shortcut and guide. If there's something in the summary that's a red flag, well we just saved a lot of time by finding the matter fast. If not, then we should have a good idea what's in the contract, and if that contract significantly differs from the summary, then the party isn't trustworthy. It's much easier to read a contract with an idea of what it's supposed to say, than going in blind. With the summary, your mind is more focused on "is X true or false" rather than determine what it says, THEN see if the details are kosher.
No, but the summary might help avoiding bothering your lawyer if you see there's something you don't like right away in the summary.

I guess that's mostly the point really.