A contract is a legal document binding you and another party to certain obligations, and when you’re a small business owner, making one tiny mistake in drafting a contract could mean the end of your business. Before you sit down to create a contract, take some time to learn the most common mistakes small business owners make when they’re drafting a contract. Mistake 1: Being Unprepared Don’t start writing the contract until you have all the information you need. Write an outline of all relevant facts, figures, and data: costs,…
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