by Monica Goyal

I recently considered entering a business relationship with a startup. These conversations always seem to end with the same awkwardness around signing an agreement. My response, as always, was: I’ll certainly look it over; sometimes I might suggest a revision, and then I may sign it.

For some reason, this attention to contracts surprises some. It’s as if contracts are seen as a necessary evil, a nice to have, rather than an important part of solid business partnerships. I totally understand. Most new businesses are most concerned with becoming profitable as quickly as possible, not spending a lot time revising contracts.



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