If you’re a small business owner, you know how important it is to have clear agreements in place with your clients, partners, and employees. Technically, oral agreements are legally enforceable however the difficulty with oral contracts is there is no documentation informing what the agreements are or when they were made.
Written contracts help to protect your business by outlining the terms of the agreement and the expectations of each party. This can help to prevent misunderstandings and ensure that both parties are held accountable for their actions, and provide a clear and documented record of the agreement which can be especially helpful in the event of a dispute.
Written contracts can also help to build trust between you and your clients or partners by addressing each party’s obligations and explain how potential conflicts and/or issues will be resolved. By clearly outlining the terms of the agreement, you’re demonstrating your commitment to the relationship and your willingness to work together to achieve your shared goals.
Are you a small business owner looking for expert legal guidance? See more legal tips for small business owners at ArringtonPhillips.com, or call 404.349.2330 to get started today.
Written by AP Legal Eagle | Shared from Arrington & Phillips, LLP
