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Clued-In Contracts
04/ 01/ 2002

3 tips to better business agreements

  • Don't forget a termination clause in any contract. It should state how you can escape the agreement if it's not working.
  • Remember that exchanged emails can constitute a valid contract, even if there are no signatures.
  • Offer a discount of two percent on service contracts for early payment. This may improve your cash flow.

    Source: Business Contracts Kit for Dummies (IDG Books Worldwide, $24.99)

    This article originally appeared in the January/February 2001 issue of MyBusiness Magazine, NFIB's member magazine.
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