No Documented Agreement Is the Worst Kind!!

Verbal agreements and implied understandings will play havoc with a relationship when it starts to come apart.

It is important for a startup to document detail any commitment need to staff members, advisors and in particular service people. Therefore, it's important to include a lawyer on your team as early as you can.

Perceptions change interpretation between a friendly and an adverse relationship, when trouble brews.

It is naïve to believe that no problems will occur because nothing is written down.

Most verbal agreements are usually structured as if success is assured, and verbal understandings seldom, if ever, define the “what ifs” (all those things that might go wrong and what to do if they occur).

It is important for a startup to document detail any commitment need to staff members, advisors and in particular service people. Therefore, it's important to include a lawyer on a team as early as you can.

Most agreements are usually structured as if success is assured, and verbal understandings seldom, if ever, define the “what ifs” (all those things that might go wrong and what to do if they occur.).

People will sue those in failed situations when they believe the person is worth something, therefore another reason for having a written document.

It is scary to think of it, but in a court, with no document, it’s your word against theirs.

If a documented agreement exits and you are right you have the leverage in winning.

At the first sign of trouble and disagreement, “build a file.” Don’t leave problems to memory. This is especially true in dealing with a giant company. .

Early in my career I was snookered a couple times by horrible words, "Just take the job and will eventually we will define a bonus program", and that didn't happen