Be Wary of Gentlemens Agreements in Construction

“He’s an honest guy.”

“I’ve always done business this way.”

“I trust her.”

All those statements may be true. Relying on handshake agreements (or, the more old-fashioned “gentlemen’s agreements”) is a risky business in the construction field. Written contracts are crucial to enforcing binding agreements once the dirt begins to turn. However, a contract is more than a written recital of previously-agreed upon terms. A contract has the ability to change the terms between the parties, often without one of the parties realizing it. And, as Chris has previously noted, the [written] Contract is King.

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