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Business Advisor Blog: How to Avoid Conflicts in Business Agreements
New business deals can be tricky. This month Clark Nuber offers six common sources of conflict in business agreements and tips on how to avoid these fights.
A new business agreement is generally cause for excitement and celebration. Most people enter into such agreements in good faith and with the best of intentions. However, it’s important to plan for contingencies that are not apparent during those days of handshakes and high aspirations. Business disputes frequently arise because of accounting issues that were not fully thought out when drafting the contract that underlies a major business transaction, whether it’s a compensation agreement, a merger or acquisition, or the sale of real property. – Clark Nuber.
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