Скачать или смотреть Mind Your Farm Business – Ep. 102: The legalities of handshakes and contracts

People have been using handshakes to solidify deals since at least as far back as ancient Roman times. A handshake in those days would show that each person was unarmed, thereby establishing a relationship of honesty and trust.

Fast forward to today with the progression of law and contracts, a need for more formalized agreements between parties has become much more common. However, in rural communities, many deals are still made through a verbal agreement and handshake.

In this episode of Mind Your Farm Business, David Kozicki, a lawyer with MLT Aikins and RealAgriculture's Shaun Haney, discuss the legalities of handshake deals, when a more formal contract might be necessary, and everything in between.

Kozicki says anytime a person enters into a contractual relationship, there needs to be a level of trust, as contracts often fall apart due to changing circumstances or just not knowing the full extent of what both sides are trying to accomplish. There are a lot of factors to take into consideration when deciding how formal a contract needs to be, and even what makes a contract.

In the long run, Kozicki does not believe that the decision to formalize a contract needs to be a handshake versus a contract, instead "they can go hand in hand, you know, we can agree on something, handshake, deal on it, and follow it up with some sort of paper."

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