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Christo Smith Law Blog

It should have been in writing…

Too often parties to agreements who claim to have negotiated in ‘trust” end up with the rude awakening that trust on its own does not guarantee the success of agreements. The existence of a well drafted agreement is in actual fact a guarantee that mutual trust will endure because all parties know that they cannot deviate from what is written. At the inception of a deal, when trust is strong, most clients argue that the cost of instructing an attorney to draft an agreement is unnecessary.

Whether it be partnerships, sale of movables, acknowledgements of debt or whatever other agreement – have the terms drafted by a competent attorney. Its always worth the money spent because in most cases the enormous legal costs incurred in later litigation, will be saved.

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It should have been in writing…