Business-people are frequently frustrated by the unnecessary restrictions that lawyers seem to want to introduce. They think (possibly rightly) that if they were more attuned to business matters the lawyers would be business entrepreneurs themselves. Why is it necessary, a business-person might ask, after having gone to all the trouble of negotiating the deal, and sealing it over a good lunch, to go to the trouble and expense of putting into writing what had just been agreed. And on those occasions when everything goes smoothly they would be right to ask the question. It is, however, different when trouble develops. …
Why Bother with a Written Contract?
Business-people are frequently frustrated by the unnecessary restrictions that lawyers seem to want to introduce. They think (possibly rightly) that if they were more attuned to business matters the lawyers would be business entrepreneurs themselves. Why is it necessary, a business-person might ask, after having gone to all the trouble of negotiating the deal, and sealing it over a good lunch, to go to the trouble and expense of putting into writing what had just been agreed. And on those occasions when everything goes smoothly they would be right to ask the question. It is, however, different when trouble develops. …