Contracts are the basis of your relationships with your customers, your suppliers, and — in some cases — your employees. You need to make sure that your contracts are strong and flexible so you can maximize the efficiency and the returns from your effort.
Contracts are the lubricant that keeps business working together without damaging each other. Just like muscles, contracts are the pushes, pulls, and slides that get work done on a day-to-day basis. It’s often said, “a handshake isn’t worth what it used to be.” This is true, and while oral agreements are convenient, they aren’t often enforceable. Did you know that most contracts have to be in writing to be enforceable?
- What should a contract look like for your business? Are you sure?
- What happens if one of you breaches the contract?
- If you bolt something to the wall of your leased space, is that now the landlords’ property?
- Can contracts require not going to court?
- What happens if a part of the contract is ‘unenforceable?