Have we formed a Business Contract? Three Ways to Avoid Problems

Have you ever had a misunderstanding in one of your business relationships? Unfortunately, this is all too common and can cost a lot of small business owners time, energy, and even money.

In this episode, Corinne Boudreau shares the key things to be aware of with contracts, and the ways to avoid problems or misunderstandings that may arise.

Today you’ll hear about:

• The best time to be thinking about whether you need a contract in place
  
• What is the difference between preliminary discussion and contract formation, and an example that can illustrate this type of situation
  
• Why it’s so important to always be communicating with the other party before, during and after the contract is signed
• How to make sure acceptance is clear for both parties and more best practices to follow in this process

We hope these tips and stories will help you to avoid some of the misunderstandings that can happen when you are forming business contracts!

Mentioned in the episode:

Episode 29 - Four Key Online Relationships To Document With A Contract: https://www.spreaker.com/user/16866475/four-key-online-relationships-to-documen 

Episode 7 - What to put in your client contract: https://www.spreaker.com/user/16866475/what-to-put-in-your-client-contract 

Episode 6 - Ways to get a contract signed digitally: https://www.spreaker.com/user/16866475/ways-to-get-a-contract-signed-digitally 

Episode 5 - Why written contracts are better than oral contracts: https://www.spreaker.com/user/16866475/why-written-contracts-are-better-than-or

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Listen to Get It In Writing on Apple, Spotify or wherever you catch your favorite podcasts!

For more please visit OnlineLegalEssentials.ca and connect with Corinne on Instagram at www.instagram.com/legalguidecorinne/ 

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Key Quotes: 

“Whatever the business relationship is, that’s always a good time to be thinking about if you need a contract.” [2:51] 

“Things that will cause confusion and problems are things that I think small business owners should work to stay away from.” [10:54] 

“I think it’s always a good idea to be focused on getting clear acceptance from people, or giving clear acceptance yourself.” [20:45]