Get It In Writing
Ensure you are fully informed before you sign anything!
As much as we want to rely on a handshake or someone’s word when it comes to doing business, time and experience teaches us that is not always successful. The best way to protect yourself from unscrupulous or simply inept business relationships is to get all of your agreements in writing.
This rule does not simply begin and end with formal contracts. Emails are now a vital (and incredibly useful) way to track and save all correspondence. Requesting a reply or using an e-mail read receipt are great ways to initially protect yourself.
Having business correspondences in writing creates a useful tool to discover the truth when a miscommunication arises, or if someone is delayed in giving or revoking instructions. Even if you prefer calling customers, clients or business associates, make it a habit to send them an email summarizing everything you spoke about over the phone.
Legal Counsel
Never rush into a contract. You should seek legal counsel when drafting business documents related to major decisions. You also may want a lawyer to be in charge of your minute book on a regular basis for updating and covering all routine documents like Annual Reports. Learn more about Corporate Law and our related services here.
For a bit more on some related topics, check out any of the below audio clips that are applicable to your situation.
As much as we want to rely on a handshake or someone’s word when it comes to doing business, time and experience teaches us that is not always successful. The best way to protect yourself from unscrupulous or simply inept business relationships is to get all of your agreements in writing.
This rule does not simply begin and end with formal contracts. Emails are now a vital (and incredibly useful) way to track and save all correspondence. Requesting a reply or using an e-mail read receipt are great ways to initially protect yourself.
Having business correspondences in writing creates a useful tool to discover the truth when a miscommunication arises, or if someone is delayed in giving or revoking instructions. Even if you prefer calling customers, clients or business associates, make it a habit to send them an email summarizing everything you spoke about over the phone.
Legal Counsel
Never rush into a contract. You should seek legal counsel when drafting business documents related to major decisions. You also may want a lawyer to be in charge of your minute book on a regular basis for updating and covering all routine documents like Annual Reports. Learn more about Corporate Law and our related services here.
For a bit more on some related topics, check out any of the below audio clips that are applicable to your situation.
Disclaimer: The information on this web page is meant as general information only. It is not meant to be used as legal advice for specific legal problems. Information is checked for legal accuracy at the time it is posted but may become outdated as laws change.
