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hey this is attorney Elizabeth Weinstein today were going to talk about how you protect your business with contracts so a contract what Im talking about here is a written contract a written agreement I say that because there are such things as implied contracts and oral contracts we dont want any of that that is not the purpose of what were talking about here were talking about having something in writing so how does this protect your business the biggest thing is if you have every relationship in your business with your clients customers with people who work for you your contractors with your vendors between the people who own the business everybody if everything was in writing it would docHubly reduce the likelihood of a misunderstanding most problems that happen in a business most difficulties that people run into where theres a lawsuit is actually because its a misunderstanding that the two sides did not actually agree on something they both thought that something diffe