Get it in Writing

I have previously blogged about getting agreements in writing here. It is very important to have any financial arrangements worked out in advance of a deal closing as opposed to after the fact when you no longer have any bargaining power.

I take it as a big red flag if someone is not willing to complete non-disclosure or fee agreements in advance. This is the only way I have of protecting myself on a deal. If an agreement is faxed back to me and it is not legible due to the electronic transmission, then I simply ask to have a hard copy mailed to me as well. This is not a big deal and has never been a problem when I work with professionals.

There have been the occasions when someone does not want to fax AND mail me a copy; it is just too much work for them. Those people are jokers. When we are talking about seven to eight figure deals with referral fees in the five to six figure range, the professionals make sure that everything is spelled out.

The awareness for today is to be a professional and not a joker. Ensure that any business dealings you have are done with integrity.
~Paul