A business contract is a legal agreement between two or more businesses involved in deals or transactions. Although there are diverse ways to handle business contracts, documenting the process from start to finish is vital. If you own a B2B company, you will agree that documenting all your contract details is better than word of mouth or other methods.
Gone are the days when businesses keep to their own part of a deal without a reminder or are forced to do so. Today, beyond word of mouth, written agreement is crucial. Below are four reasons why it’s important to document your business contracts.