TECH-SAVVY LEGAL SOLUTIONS

The Risk of a one-pager agreement

Too often, we hear “I need a one-pager agreement” when it comes to transactions. While speed is an important factor in business, risk management should be the top priority. An agreement is meant to protect both parties and mitigate risks that may arise during the course of a relationship. Let’s dive into why one-pager agreements are not the best idea for protecting your interests in any business transaction.

When it comes to agreements, it’s important to remember their purpose—to protect both parties from any potential risks that may arise during the course of a relationship. Agreements should always be drafted for worst-case scenarios, with clauses that encompass every possibility. As such, one-pager agreements are usually not comprehensive enough to cover all bases and may leave either party at risk if something does go wrong. Think of it like this, the agreement will most likely only be used should something go wrong.

Most businesses understand the importance of having an agreement in place before entering into any kind of business relationship, but they want to do so quickly and without spending too much money on legal fees. This is where one-pagers come in—they are fast and inexpensive solutions to getting an agreement in place. However, this makes them ideal only for simple transactions with minimal risk involved; anything else would require a more comprehensive agreement that covers all possibilities, which likely can’t be accomplished within a single page

In conclusion, while speed and cost are important factors when it comes to drafting agreements for business transactions, risk management should always be your top priority. A one-pager may work fine for simple transactions with minimal risks involved; however, you want to make sure you have comprehensive protection against any issues that could arise by using longer agreements whenever necessary. Additionally, having an experienced attorney review your agreement will ensure you have complete coverage against potential risks related to your business transaction before signing off on anything.