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87. Money Matters: Verbal Agreements vs Written Contracts
Manage episode 415403079 series 3425195
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What are the risks of not having proper documentation in significant financial transactions? What are the consequences of relying solely on verbal agreements in business transactions? Can I sue over a verbal business agreement?
In this episode, Jonathan delves into a recent case where a businessman suffered a staggering $4 million loss in what initially appeared to be a lucrative opportunity. This serves as a compelling illustration of the critical significance of written documentation in the realm of business transactions.
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