The Need for Written Business Agreements
Business disputes often arise because people either did not document an agreement or they entered an inappropriate one.
The most frequent disputes in business arise from misunderstandings around shareholder / unitholder rights, partnership obligations, loan terms, trust deeds, rights and obligations of co-owners, commercial lease arrangements, retail lease agreements, client services terms and conditions, and employment agreements. Many of these disputes would have been avoided if the parties had a written agreement. For those disputes which were unavoidable, a written agreement would likely have assisted the parties to resolve them faster.
Every business really should have written agreements regarding these matters and should ensure that all parties understand them.
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