Resources and Knowledge for the Small Business CEO

SMALL BUSINESS CEO

February 8th, 2006 at 2:23 pm

Business Contracts 101

» by in: Legal

Contract disputes usually happen when the final contract varies from what one or both parties intended. Even when both parties enter into an agreement with the best intentions, the final contract may not accurately or completely represent what they discussed and agreed upon before they wrote the contract.

Therefore, you should think of a contract as a process, beginning not when the actual writing of the contract starts, but when discussions or negotiations begin. Take the following steps to draft contracts effectively with minimum friction between parties.

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