There is barely a business transaction between two people if there’s no formal or informal agreement. From the book merchant you patronized some days ago to the beauty product shop you visited, an agreement was made. You agreed on the price of the product and the quantity or type of the product.
Coming up with a business agreement or contract is a safe way to do business as it establishes an agreement between you as the buyer to your seller or you as the seller to your buyer. They also have legal backing only if they are written documents signed by two consenting parties against mere words of mouth, which can be upheld in a court of law. You could decide to take it a little bit further by getting an attorney to come up with the agreement.
Considering how valuable agreements are in business and how profit-making partnerships are dependent on them, you’d learn in this article...