Get It In Writing
Ensure you are fully informed before signing anything.
As much as we want to rely on a handshake and 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. Also useful is requesting an e-mail receipt.
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
Seek legal counsel in business decisions. Do not rush into a contract. Get independent legal advice. You may want a lawyer to be in charge of your minute book on a regular basis for the routine documents (e.g. Annual Reports).
Click Here for More Information on Our Related Services.
As much as we want to rely on a handshake and 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. Also useful is requesting an e-mail receipt.
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
Seek legal counsel in business decisions. Do not rush into a contract. Get independent legal advice. You may want a lawyer to be in charge of your minute book on a regular basis for the routine documents (e.g. Annual Reports).
Click Here for More Information on Our Related Services.
Audio Clips
Have a listen to these audio clips for more information on various corporate law topics
Have a listen to these audio clips for more information on various corporate law topics
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.