Don't sign that contract as written without getting proper legal insight first — those two clauses alone could gut your ability to recover meaningful losses if the client doesn't pay or causes a project to fall apart. An out-of-state arbitration clause means you'd potentially be flying to another jurisdiction to resolve a dispute, which is a real cost lever that favors a larger counterparty. Maryland's courts and the Maryland Uniform Arbitration Act do offer some protections, but they only help if you have the right language in your agreement. Bring the contract to a Maryland business attorney before you execute — the hour of review is far cheaper than the exposure you're accepting.