Shakespeare may have asked “to be or not to be” — but in business, the real question is: to have written agreements, or not to have them?
If your answer leans toward not to be, it’s time to rethink.
Having proper Terms & Conditions and written agreements isn’t just about paperwork; it’s about protection, clarity, and cash flow. Without them, you’re leaving yourself open to disputes, misunderstandings, and revenue loss.
If you don’t already have signed agreements in place, call your attorney today. And if you do have them, make sure they’re current. Processes change. Laws evolve. Your agreements should too.
5 Things You Should Check in Your Agreements
Before you sign the next contract, or while reviewing your current ones, make sure these essentials are covered:
- Clear Payment Terms
Spell out when payments are due, how they can be made, and what happens if they’re late. - Interest & Fees
Include language around late fees, collection costs, or interest on overdue balances. Have leverage when accounts age. - Scope of Work
Define exactly what’s included — and just as importantly, what’s not. Ambiguity breeds disputes. - Termination & Exit Clauses
Protect yourself by clarifying how either party can exit the agreement, and what obligations survive termination. - Jurisdiction & Dispute Resolution
If things go south, where and how will disputes be handled? Mediation, arbitration, or court — put it in writing.
The Bottom Line: Don’t let your business be a “not to be”. Written agreements protect you, your revenue, and your relationships.
Action Step: Review your current agreements.
If you don’t have them, schedule time with your attorney this week.
If you have them, update and align them with your current processes.
Because in business, to be protected is always better than not to be.