Build a strong relationship from the start with a clear and detailed agreement with stakeholders. Contact KPPB LAW for more information. The main mistake that many make when setting up businesses or acquiring investors/partners is the assumption that a general agreement is sufficient and that all parties have a common understanding of what is expected and what is provided. Whether it`s because points are lost in in-depth conversations, memories diverge, assumptions have been made, or important issues have been completely overlooked, parties rarely leave negotiations with clear and consistent expectations, unless the details are detailed in a written agreement. Often, the protection of the stakeholder and the company requires a very specific agreement between the stakeholders.
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