Some business deals seem simple. The other party appears trustworthy, and the terms feel clear. So why formalize it?
Because when a deal unravels, clarity—not trust—is what protects you.
Verbal agreements are enforceable under Florida law, but proving the terms can be difficult and expensive. Without documentation, conflicting memories often lead to costly disputes.
Where Things Fall Apart
You remember agreeing to $10,000. The other party say it was $13,000. You expected weekly updates; they planned only a final report. You agreed on a delivery timeline—at least you thought you did.
These scenarios are common. Most disputes stem from vague terms or different interpretations, not bad intent. Over time, even honest people remember things differently.
Here are a few more issues that often come up when there is no written agreement:
• The work keeps growing – You agreed to design a logo, but the client keeps asking for extra designs, edits, and social media templates—without offering more pay.
• Unclear payment terms – You completed the job, but now they are saying you will only be paid after they reach certain goals you never discussed.
• Ownership – You created the work, but now they are selling or reusing it, and no one clearly defined who owns the rights.
• Missed deadlines – You and the client agreed on a project timeline, but now they are pushing the deadline back without offering a new schedule or addressing the impact on your own planning.
• Conflicting priorities – You and the client have different ideas about what’s most important, but without a contract, there’s no clear understanding of what should take precedence or what happens if priorities shift.
What a Contract Accomplishes
A contract does not need to be long or full of legalese. It simply provides:
• Clarity – Who is responsible for what, when, and for how much.
• Alignment – Ensures shared expectations.
• Protection – Outlines steps if things go wrong.
Be Proactive, Not Reactive
Many business owners contact a lawyer only after a deal fails. They relied on conversations or scattered emails—none of which fully capture the terms. When details are missing or contradict each other, the question becomes, “What can be proven?”
That is when legal costs increase, and your leverage decreases.
Hire an experienced business attorney up front to properly memorialize your agreements to assist you in thinking about and preparing for the pitfalls and what-ifs. Putting agreements in writing is not about mistrust—it is about foresight. It protects your time, your money, and your business.
We have helped clients recover from handshake deals, but it is always easier, faster, and less stressful when there is a clear contract from the start. Before your next deal, take the time to protect your interests. It is a small step that can prevent major setbacks.
Need assistance drafting or reviewing a contract? You can contact us at 305.222.7282 or [email protected].
For more real estate insights, visit www.Ser-Associates.com and follow us on Instagram, Facebook, and LinkedIn!
