Key Text: Ruth 4:7-8
Now this was the custom in former times in Israel concerning the redemption and the exchange of land to confirm any matter: a man removed his sandal and gave it to another; and this was the manner of attestation in Israel. So the closest relative said to Boaz, “Buy it for yourself.” And he removed his sandal.
Whether you run a business out of your garage or a magnificent building, using written agreements is critical to protecting yourself and to avoid unnecessary wars. Research has proven that just “The Handshake” without any form of documented expectations in terms of an agreement is usually not enough.
Great relationships are often ruined due to misunderstood expectations. Many young business owners deal with a gentle man’s agreement so as to get the deal going quickly, but when the rubber hits the road and their expectations become unmet, they get very confused as to how to deal with the situation. Emotions, time and already limited finances get spent out in the bid to clarify expectations which could have been straightened out at the commencement of the relationship. Continue reading