Take a lesson from Mark Cuban, who taught at least one Inc. 500 entrepreneur to be a big advocate of written agreements. Often, business deals involve a lot of negotiation and conversation.

No matter how small your business or how small the deal, a contract is needed to make sure that the details of the deal are spelled out clearly and there is no confusion as to what was agreed upon. Make it a point to have every deal, no matter how big or small, in writing.

Published on: Jan 29, 2017