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.
Boaz secured the place of Ruth by carefully engaging the power of “evidential agreement”. The bible says “Can two walk together except they agree?” Even marriages between lovers have agreements! And Jesus Christ sealed the agreement of our redemption with his own blood.
Better a lean agreement than a fat lawsuit
Agreement should be seen not in the light of picking on faults; but rather to help us from inception have a guide to straighten out expectations when there are confusions and unmet promises.
Whether you are employing or doing business with your sister, cousin or nephew, a good friend or an acquaintance; do not get overly carried away by just handshakes; get a simple agreement written and properly executed.
Get founders agreement done, get employee/employer contract filled out, fine tune the supplier/client agreements, get the Service level agreements well laid out, and secure confidentiality agreements and more as it applies to your situation.
Get clear about your timelines, roles & responsibilities, financial commitments and how the relationship will be terminated in the event that something goes wrong. Engage a legal counsel where appropriate (they are often cheaper than a lawsuit).
Seal every deal properly: Always remember that HANDSHAKES alone are not enough!
Prayer: Sweet Holy Spirit, open my eyes to know the right relationships to get into and help me to do things the right way.
You will be shielded from trouble!
Gbenga Solademi ©