Are you thinking about collaborating in business? Today I wanted to share the legal policies and agreements you need to have in place to make that collaboration a successful one – regardless of profit outcome.
What do I mean by that? Well basically it’s much easier and less emotionally draining for all parties to be upfront about expectations and procedures (including the exit plan) before proceeding with the business collaboration than having to fight your way out of a messy break-up later down the track.
If you are thinking about venturing into a business collaboration, small or big, watch the video below and then download my Legals for Collaborations Checklist to ensure you and your business partner are protected as you combine your skills together.
Lawyer, Contract Specialist, Speaker & Advocate for Women in Business.
Drawing on more than 15 years’ experience as a lawyer and a woman in business, Shalini Nandan-Singh helps Australian service-based entrepreneurs protect their businesses and their bottom lines with empowered legal advice and contracts.
Encouraging listeners to #loveyourlegals, Shalini firmly believes that business legals should be an authentic extension of your business. Her goal is to educate audiences that, rather than confusing legalese, business legals should be an authentic extension of your business, creating positive business boundaries that support you in working with your clients with compassion and understanding.
Disclaimer: This blog is written to support business owners to consider legal requirements and issues that may arise in business. The information provided is for general and educational purposes only. It is not intended as legal advice for your individual circumstances. Please consult your lawyer for advice specific to you and your business.