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This is actually the smartest comment I've read in a while. This is exactly what many beginners don't do and get burned. A contract is what ensures that you are protected. It is definitely worth doing because in the long run many partnerships end and one party takes the damage.
I'd highly recommend doing a simple contract even if you think that you don't need it. Be smart about what you're doing and think ahead. It is basically an extra layer of self-protection :D
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TommyCarey
I have multiple partners across my networks of websites, and each of them has signed an agreement which basically says "If you screw me over, you're done in this industry" lol. I try to only partner with people from the US simply because it would cost too much money trying to take legal action against a partner who isn't in the same country. I do have partners outside of the US, but I've been working with them for 10+ years and we've built plenty of trust between us.
Never rush into a partnership, try to pay someone to do the work and not have them as a part owner in the beginning. Over time you will get a feel for who someone is and if you should be partnering up, until then you should be paying them for work or just doing it yourself. Whenever I'm partnering up with someone, I will have a contract in place just so they don't try to do this. If you're just doing a verbal handshake agreement between 2 parties, there's nothing that will legally bond you to the other person and the company. I have multiple partners across my networks of websites, and each of them has signed an agreement which basically says "If you screw me over, you're done in this industry" lol. I try to only partner with people from the US simply because it would cost too much money trying to take legal action against a partner who isn't in the same country. I do have partners outside of the US, but I've been working with them for 10+ years and we've built plenty of trust between us. Never rush into a partnership, try to pay someone to do the work and not have them as a part owner in the beginning. Over time you will get a feel for who someone is and if you should be partnering up, until then you should be paying them for work or just doing it yourself.
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