The day I misread a contract clause and lost a client worth $2,000 a month

I was sitting in a coffee shop in Portland when I realized I'd signed a cancellation clause that let them walk with 30 days notice instead of 90. I had to scramble to fill that gap but it taught me to read every line twice. Anyone else got burned by a small print detail they overlooked?

2 comments

2 Comments

josephbutler26d ago

Skimmed through a SaaS contract for a software tool I was licensing and missed a clause that locked me into a yearly renewal at double the price if I didn't cancel within 10 days of the anniversary. Ended up paying $1,500 extra for a year because I didn't realize that 10 day window was tied to the date I signed, not the renewal date. Now I use a calendar alert for every single deadline like that, even if it seems like a small detail.

patriciareed26d ago

Read somewhere that 70% of people who lose money on contracts don't even bother to read the fine print at all. Learned my lesson when I got hit with an auto-renewal fee on a gym membership.