Why do we even need written contracts? Isn't your word good enough?
When things go sideways is when you need a legally sound contract.
For example, if there was a dispute, every overbroad term in this contract will be fought over in court (this example has words like 'everything' and 'any reason' figuring out what these words mean in court will cost tens of thousands of dollars in legal fees. And, after you pay all your legal fees, a judge will decide what you meant.
Why do we even need written contracts? Isn't your word good enough?
When things go sideways is when you need a legally sound contract.
For example, if there was a dispute, every overbroad term in this contract will be fought over in court (this example has words like 'everything' and 'any reason' figuring out what these words mean in court will cost tens of thousands of dollars in legal fees. And, after you pay all your legal fees, a judge will decide what you meant.