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Business Tips

Written Agreement versus A Handshake Agreement

 

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.

 

http://www.orlandobusinesslawyer.com/how-written-contracts-help-you/

 

 

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