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Michigan

: MICHLAW

HAVE AN AGREEMENT WITH BUSINESS ASSOCIATES

By CPG

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I recently got a call from a business woman who had entered into a lease of a salon that was too big for her business. Apparently she had a business associate who agreed to sub-lease the other half of the building.

Well 2 months into the 3 year lease the business associate packed up and moved leaving her partner with too much space and not enough revenue to cover the lease. The two associates never had any agreement amongst themselves so this poor lady once again learns the hard way.

My number one rule of business is put all agreements in writing and sign them. You will be glad that you did.

Full post as published by MICHLAW on July 13, 2007 (boomark / email).

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