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<blockquote data-quote="dcara" data-source="post: 480915" data-attributes="member: 473"><p>I think you have to have a good contract if you want to minimize problems between the partners/investors. It would also help if you understood what exactly your friend is expecting from this business relationship since contracts often do not cover every contingency. Any business deal problems I've ever had could be summed up as different expectations from a set of circumstances not previously defined and/or anticipated.</p><p></p><p>Maybe start out with a short term contract to test the waters and flesh out a preliminary framework for the business relationship.</p></blockquote><p></p>
[QUOTE="dcara, post: 480915, member: 473"] I think you have to have a good contract if you want to minimize problems between the partners/investors. It would also help if you understood what exactly your friend is expecting from this business relationship since contracts often do not cover every contingency. Any business deal problems I've ever had could be summed up as different expectations from a set of circumstances not previously defined and/or anticipated. Maybe start out with a short term contract to test the waters and flesh out a preliminary framework for the business relationship. [/QUOTE]
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