Most growing businesses have plenty of contracts. Customer agreements. Vendor agreements. Leases. Confidentiality agreements. Software subscriptions. Employment-related agreements. Purchase orders. Financing documents. What many businesses do not have is a
Businesses rarely notice the moment their contracts become outdated. The company simply keeps growing. Customers get larger. Vendor relationships become more important. Deal values increase. New people begin negotiating agreements.
Among other things, you wanted a legal separation between the obligations of the business and your personal finances. Then a landlord, lender, equipment company, vendor, or seller hands you a
The best time to negotiate a business breakup is when no one expects one. Founders usually begin with optimism. They trust one another, share an idea, and want to move
A contract does not become a problem when the relationship breaks down. By then, the problem has usually been sitting in the document for months—or even years. Business owners naturally
