Posts Tagged ‘contracts’



Why You Need Contracts

I used to think that contracts, or agreements were a sign of distrust and as long as I trusted the person or organization I was dealing with, they were not necessary. After all, early in my business career, I dealt exclusively with churches and ministries. Boy, I was wrong! So wrong. And I had to learn the hard way. When it comes to putting your resources on the line for a person or organization, you cannot be too careful in protecting your assets. You can lose everything if a big project falls through or if it’s not financed. No matter where you are in your career or business development, good contracts are critical to your success. Here’s a few reasons why: A contract holds you and the other party accountable to a set of expectations and deliverables. No matter how many discussions you had about the project or how many…

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