40 ISSUES: 23. Legal


  • Do suitable contractual agreements cover the business' relationships with other companies?
  • Are receivables at either 2% or 5%?
  • Is there a partnership agreement? Is it kept off premises?
  • Do the company's sales agreements leave no room for misunderstanding? - Are signatures required on all internal documents?
  • Are agreements with all staff clear, specific, and in writing?
  • Do I have policies and procedures in place that will work for me?



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