Best Practices for Businesses to Follow When Managing Business Contracts

A well-written contract not only protects your business from dispute-related liabilities, but is the best tool for holding all parties accountable and ensuring that the mutually agreed expectations are met. While in some cases verbal contracts can be enforced, as a business owner, you should always push for written contracts. In this article, the Lynchburg Regional Business Alliance explores the best practices to follow for negotiating and creating business contracts.  The Need for Contracts  Before we