A loved one had a verbal deal
with a person he trusted.
He thought they both understood the deal
but it turned out
he interpreted it one way
and she interpreted it another.
It ended up costing him
a LOT of money,
money he could have saved
if he had gotten the deal in writing.
Serial lifestyle and beauty entrepreneur
Marcia Kilgore
shares
“Get everything in writing,
especially with business partners.
When you’re starting out,
things can be quite friendly and exciting,
but people’s memory can change due to money.
You can say,
‘Hey, so we don’t forget what the original deal was,
and I have a bad memory,
let’s just write it down together.’
Obviously, better to have a lawyer do it,
but at least have some written recollection
that you are partners,
who’s responsible for what,
and how much money each of you put in.
It seems basic,
but people still don’t put things in writing.”
This is why notes for meetings
can be crucial.
Avoid misunderstandings
and get it in writing.
BTW… if the other person
protests the need to get agreements in writing,
SERIOUSLY consider
whether or not you wish to do business
with her.