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So first, lets start with.... I don't care how small your business is, I don't care if you are the entire department, anytime money is going to exchange hands get something in writing. This can be an email, text message, invoice or signed contract. Get something in writing! WHY? 1. To set expectations for business and results. 2. A formal document is needed for both parties to agree on a business exchange. Keeps everyone honest and saves you from being liable if a lawsuit or arbitration should occur. 3. To hold yourself accountable for products or services rendered. WHAT MAKES A CONTRACT LEGALLY BINDING? 1. OFFER- One of the parties made a promise to do or refrain from doing some specifi