You shook hands. You had a great discussion. Everyone was happy. But it didn’t work out! The other party did not honor the agreement. As a small business owner, you enter into agreements frequently. You are continually exposing yourself and your business to risk. All is well until one party intentionally breaks the deal or does not understand it the way you did. How can you prevent this?

First, contracts should be reviewed by an attorney – Whether it is your contract or you are signing someone else’s contract. It’s not always what the contract says, but it is also what they don’t say. Make sure you understand the terms of the contract you are signing! Make sure your contracts are clear as to what you are providing.

Second, get legal advice if you are dealing with a broken agreement. We don’t have rights if we don’t know what they are! An attorney can explain all our legal options.

Third, your brand matters! Make sure you have trademark or copyright protection, or you are not infringing on someone else’s rights.

TIP – A contract isn’t just paperwork – it’s protection!

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