Contracts are of utmost importance as they provide individuals and businesses with a legal document stating the expectations of both parties and how negative situations will be resolved. Contracts often represent a tool that every individual can use to protect their interest and hard earned resources invested.
The primary aim is to ensure that the parties understand the details of the business arrangements they are making.
Contracts also are legally enforceable in a court of law. Once the obligations, interest and rights of both the parties are reduced to writing there is more transparency and less risk involved.
Our advice is don’t be frustrated by it, embrace it! A clear, well-drafted contract (regardless of how long it is), makes it clear what is expected of someone and what their position is.
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