Reib Law - January 2020

THE 3 COMPONENTS OF A SHATTERPROOF CONTRACT

WHAT YOU NEED TO DEFINE

3. DEFINE HOW YOU’LL SETTLE CONFLICTS.

Whether you’re putting a contract in place for your business or signing off on one, there are three things a solid contract should define, so pay careful attention to the following aspects.

A well-thought-out contract can preemptively decide how you’ll address any conflicts down the road. No one ever likes to think there will be conflicts, but when they happen, it’s better to have a plan for how to handle them. A contract can dictate that you’ll choose to go through mediation or arbitration to settle a conflict rather than litigation, which is usually more costly and tedious. You’ll also benefit from having your lawyer take a look at a contract before signing it to ensure there aren’t loopholes or surprises. Writing everything down and reviewing details carefully before signing anything is key to a successful business contract. It’s similar to New Year’s resolutions — the majority of them fail, but when people write them down, they are 42% more likely to succeed. Set your business up for success with a shatterproof contract.

1. DEFINE WHAT YOU’RE PROTECTING.

Make a list, check it twice, and make sure your partner or client is aware of what the contract covers, especially when it comes to money. Write it down, highlight the areas involving money, and make sure both parties know what’s expected. The devil is in the details, and it’s amazing how things get missed when you don’t write them down.

2. DEFINE WHO THE CONTRACT INVOLVES.

Review this part of a contract with a careful eye. You might notice your personal name is listed instead of your business name, creating personal liability for anything that happens under the umbrella of your business. Make sure both parties’ names are listed correctly, as well.

HOPPIN’ JOHN

Inspired by Epicurious

INGREDIENTS

• 1 smoked ham hock • 1 medium onion, diced • 1 cup long-grain white rice

• 1 cup dried black-eyed peas • 5–6 cups water • 1 dried hot pepper, optional (arbol and Calabrian are great options)

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DIRECTIONS

1. Wash and sort peas. 2. In a saucepan, cover peas with water, discarding any that float. 3. Add pepper, ham hock, and onion. Gently boil and cook uncovered, stirring occasionally, until peas are just tender, about 90 minutes. At this point, you should have about 2 cups of liquid remaining. 4. Add rice, cover, drop heat to low, and simmer for 20 minutes, undisturbed. 5. Remove from heat and let steam for an additional 10 minutes, still covered. 6. Remove lid, fluff with a fork, and serve.

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