About this episode

Rich Sierra discusses the risks associated with handshake deals and the importance of written agreements in business.

Episode 144 The handshake deal. The verbal agreement. The "we've known each other for years" arrangement. Rich Sierra has seen more businesses destroyed by deals with no contract than by almost anything else he handles as a litigator — and not just between strangers. In this episode, he breaks down the five biggest risks of doing business on a handshake: you can't prove the terms, scope creep takes over, relationships change and goodwill disappears, you lose legal rights you didn't know you had, and there's no mechanism to resolve disputes when things go sideways. Plus, why a simple written agreement is one of the cheapest and most valuable investments a business owner can make. How to Contact Rich Sierra: Email: Rich@RichSierra.com 📞 Phone: 866-842-5202 🌐 Website: https://www.FloridaSmallBusinessLegalCenter.com 📘 Book: Business SOS! Eight Common Legal Mistakes Business Owners Make and How to Avoid Them – available on Amazon & Barnes & Noble 📱 Facebook: @FSBLEGAL 📺 YouTube: @RichardSierra 🐦 Twitter/X: @Rich_Sierra 📸 Instagram: @FSBLEGAL 💼 Digital Business Card: https://poplme.co/hash/Qd9D1azj/1/s

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