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construction contracts an agreement between two parties youre usually exchanging something for something else youre exchanging it in most cases money for the service that youre providing building a house or whatever the most basic contract can be as little as a verbal agreement verbal agreements are in fact legally binding just by we may or may not know about it the problem is in the event of an incident its almost impossible to prove that youve ever had a conversation with somebody agreeing to do whatever it is youre agreed upon so you just need to get everything in writing thats very good rule stick to get it all in writing no matter what within my first six months of business my heart first hard lesson on writing contracts or had already come and what that was is it cost me about three thousand dollars it was not three thousand dollars that I had it really hurt me it took me probably four or five months three games but I lost about three thousand dollars when it could have ea