What is the real purpose of contracts? Anyone can shake hands to make a deal, so why write it down? Because a contract explains the rules of what happens when an agreement doesn’t go as planned. That “boilerplate” language that everyone glosses over, all of sudden becomes your “guidebook” as to how to proceed. …
An arbitration clause in a contract is one of the smartest things you can do. A properly drafted arbitration clause provides a cost-effective and speedy resolution to a dispute. Lenders don’t set out to lend money to people or businesses who won’t pay it back, but default rates, as any lender knows, tell a …
