Legal Series: How to Negotiate a Contract

Contracts are a daily part of every business owner’s life. When economic times were good, many owners ignored contractual formalities and some even abandoned written agreements altogether. During the days of abundant (and seemingly unending) profits, “handshake deals” often became the norm. In the current market, however, proliferating disputes and costly litigation have laid bare the perils of doing business without a well-drafted contract.

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