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Keys to a Terrible Business Partnership | Ep 657

The Game w/ Alex Hormozi

Contracts Exist for Clear Expectations Not for Getting Lawyers Involved

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Having unspoken expectations leads to misunderstandings and ultimately a lack of trust. It is important to have open and clear conversations, especially when it comes to business partnerships and agreements. Avoiding agreements and relying solely on trust is not practical in the real world. The purpose of a contract is to ensure clear expectations and facilitate dialogue on difficult topics, not to immediately involve lawyers. It serves as a tool to establish shared understanding and mutual agreement.

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