Contractual disputes can be costly and time-consuming for businesses. To minimize the risk of such disputes, it's crucial to have clear, written contracts and to thoroughly read and understand them before signing.
Jenifer stresses the need for research on potential business partners, understanding how contracts are formed, and considering appropriate safeguards in contractual agreements. "It is better to put things in writing than not," Jenifer writes. She further warns against the dangers of unclear or non-existent contractual terms, which can lead to expensive court battles.
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