An interesting discussion about the importance of getting things in writing took place on the Seattle Tech Startups (STS) list-serve recently. The discussion pertained to business partners that had failed to get a commission expectation for introductions and assistance in writing. I’m a big believer in this practice as many folks with whom I have worked have experienced. Perhaps it’s because I worked side-by-side with a few too many attorneys in my past corporate life, or maybe because I, or people close to me have learned the hard way, but whatever the reason, I cannot recommend it enough. It’s especially critical between “friends” because that’s where things can really get murky, and the stakes are higher. I believe that putting it in writing helps keep things objective and all in involved on the same page. Isn’t that a good thing? See this blog post for support of this idea as well.
Get it in writing