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Written Agreements

Your operating documents should include written agreements that clarify the obligations and rights of the parties who will be running the business. Employment agreements, partnership agreements, and shareholder agreements are all important, to name a few. You may also want to insert non-compete provisions that prevent the transfer of crucial information to competitors when an owner, employee, or key executive departs from the organization. Another important contract is the non-disclosure agreement. This contract will protect you from unscrupulous suppliers and prevent them from disclosing information to your competitors regarding your purchases and other sensitive information.

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