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Killer Contracts

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  • Posted on 22nd Sep, 2022 21:30 PM

Inventions, Profitability - Killer Contracts - Entrepreneur.com

This story appears in the April 1998 issue of HomeOfficeMag.com.

They needed a consultant; you needed a client. You pitched them,met with them, cooked up a proposal, negotiated and closed thedeal. Now there's only one thing left to do: prepare and sign acontract.

Why bother? For one thing, according to movie mogul SamuelGoldwyn, "a verbal agreement isn't worth the paperit's printed on." Often, consultants are vulnerable to thewhims and "convenient" memories of their clients.It's not that oral agreements aren't legallybinding--they're just much harder to prove.

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