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Construction contracts are agreements between two parties, usually involving an exchange of money for services provided, such as building a house. Even verbal agreements can be legally binding, but it is difficult to prove in the event of disputes. It is crucial to get everything in writing to avoid costly mistakes, as learned the hard way by the speaker who lost $3,000 due to lack of written contracts within the first six months of their business. Stick to the rule of getting everything in writing to protect yourself financially.
