Protect Your Business with Written Contracts: A Guide by Pot Weinstein

Hello, this is Attorney Pot Weinstein. Today, we’re going to discuss how to protect your business with written contracts. A contract, in this context, refers to a written agreement, as opposed to implied or oral contracts. Written contracts are crucial for minimizing misunderstandings and protecting your business relationships. Why Written Contracts Are Essential Having written agreements for every business relationship—whether with clients, customers, employees, contractors, or vendors—can significantly reduce misunderstandings. Most business disputes and lawsuits arise from misunderstandings, where both parties believed different things were agreed upon. Written contracts clarify expectations and responsibilities, thereby reducing the likelihood of conflicts. Key Elements of a Written Contract Clear Terms and Conditions : Define the obligations of both parties, including the nature of the services or products, payment terms, and deadlines. Payment Details : Specify the am