The Importance of Writing Contracts in Business

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Have you ever done business with a customer or even a vendor and came to a conclusion without writing a contract and then things just fell through right in front of your eyes? Don’t worry we have all done and when I say all I mean all of here at BB too. That’s why we are emphasizing why it’s oh so important to make sure you write out a detailed contract between you and the person you’re doing business with. Don’t think for one second that you should bypass doing this even when doing business with friends (even more important to write one). A viewer sent this question in to us a few weeks ago and we turned to our trusty expert panel to answer this one. So check out what Stephen Kaplan had to say about contracts.

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