Contracts are the backbone of every successful business. No matter the size of the company, every business owner must at least understand the basics and the necessity. Simply having a hand-shake contract or a contract written on a napkin is rarely ever going to be effective. And whether you have poor, unenforceable contract, or a complete lack thereof, it will usually lead to costly litigation and a serious disruption for your business.
To avoid painful repercussions, make sure to take note of these four key contract mistakes your business should avoid at all costs.