Fine print: Overview, definition and example
What is fine print?
Fine print refers to the smaller text in a contract or agreement that contains important details, conditions, or disclaimers. While the main terms of the contract are typically in larger, more prominent text, the fine print includes provisions that might not be immediately noticeable but are still legally significant. This often includes clauses related to limitations of liability, cancellation policies, or additional fees.
Why is fine print important?
Fine print is important because it can contain essential details that affect the rights and obligations of both parties. These terms can sometimes limit the scope of the agreement, outline specific conditions, or provide exclusions that the parties need to be aware of. Failing to review the fine print thoroughly can result in misunderstandings or unintended commitments.
Understanding fine print through an example
Imagine a consumer signs up for an online service with a subscription model. The main terms might emphasize the benefits and features of the service, but the fine print reveals additional charges for certain features or automatic renewals after the initial period. If the consumer skips over the fine print, they could unknowingly incur extra fees or be locked into a longer commitment than they expected.
In a business-to-business context, a vendor might have a contract that includes fine print stating that the price quoted is subject to change based on fluctuations in raw material costs. The fine print may also clarify that the vendor is not liable for any delays caused by factors outside their control, such as weather or strikes.
Example of a fine print clause
Here’s how a fine print clause might look in a contract:
“The above terms and conditions are subject to change based on market conditions. Please refer to the fine print for additional details regarding cancellation fees and penalties for early termination.”
Conclusion
Fine print is a crucial part of contracts that often contains important details about the agreement’s terms and conditions. While it might be easy to overlook, reviewing the fine print thoroughly ensures that all parties are fully aware of the commitments, limitations, and potential risks involved.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.