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Handshake contracts are made all the time in business, but it’s important to remember that not all handshakes are created equal. Circumstances can change, and a handshake that seemed like a great idea at the time may not hold up so well down the road. That’s why it’s important to keep your business secure and implement a contract, even if it’s just a simple one. A contract gives both parties a clear understanding of what is expected, and it can help to prevent misunderstandings or disputes down the road. Even if you have a strong relationship with the other party, a contract can protect both of you in the event that something goes wrong. So next time you’re tempted to seal the deal with a handshake, take a moment to consider whether a contract would be more beneficial for both parties involved.
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