In today’s legal and complex business environment it is no longer astute, nor legally practical, to consider doing business on the strength of a handshake agreement. It must be followed up by a written agreement to ensure that all parties clearly understand the terms, intent and obligations of all parties involved in the agreement.
A handshake agreement that is not followed up by a written agreement, allows all parties the opportunity to change the terms later or get out of the deal completely.
Read this interesting article for more insight into the perils of a handshake agreement.
February 2, 2017
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January 27, 2017
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