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Can My Startup Use a Handshake Agreement?

 

Can My Startup Use a Handshake Agreement? Or Will It Backfire? 🤝💼

A client once asked us: “Can my startup rely on verbal agreements instead of written contracts?”

Short answer? Yes, but also NO! 😅

While a handshake agreement may seem like a quick and easy way to seal a deal, verbal contracts often lead to confusion, disputes, and legal nightmares. Without a written contract, it’s your word against theirs! 🧐

🔥 Why Startups Should Avoid Verbal Agreements 🔥
✔️ No Proof, No Protection – If things go south, you have no legal backup. ❌
✔️ Memory Issues – People forget details over time, and misunderstandings arise. 😵‍💫
✔️ Hard to Enforce in Court – Without a written contract, proving terms is a legal headache. ⚖️
✔️ Investor Red Flags – Serious investors won’t trust a startup without clear contracts! 🚀

Trending Keywords: #VerbalContracts #StartupLegalTips #BusinessGrowth

🤔 What’s the Better Option?
Always opt for a written agreement 📜✅. A well-drafted contract protects your rights, defines obligations, and keeps disputes at bay.

📌 Best Contracts for Startups
🔹 Founder Agreements – Avoid future co-founder clashes! 🏢
🔹 Employment Contracts – Define roles & responsibilities clearly. 💼
🔹 Vendor Agreements – Ensure smooth business operations. 📦
🔹 Investor Agreements – Keep your funding legally safe! 💰

Trending Keywords: #StartupContracts #BusinessLaw #LegalDocuments

💡 Benefits of Having a Written Contract 💡
✔️ Legal Enforceability – You have proof of what was agreed. ⚖️
✔️ Clarity & Transparency – Everyone knows their roles. 🔍
✔️ Prevention of Disputes – No room for misunderstandings. 🚫
✔️ Stronger Business Relationships – Shows professionalism & credibility. 🤝

Trending Keywords: #LegalProtection #BusinessContracts #Entrepreneurship

🚨 Don’t Let a Handshake Ruin Your Startup! 🚨
At Lexis and Company, we help startups draft ironclad contracts that protect their interests. 📜💼

📞 Need legal advice for your startup? Call: +91-9051112233
🌐 Website: https://www.lexcliq.com

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