Business Relationship
In the UK, an agreement will not normally be final and complete until a written contract has been
formally signed and witnessed. Thus, it is crucial to ensure that all the terms and conditions are included
in a formal contractual document. In many cases, depending on the size or value of the business, a
contract will be subject to review and approval by a solicitor or other expert in British contract law. This is
simply a matter of procedural correctness and “due diligence”, which should not be taken personally nor
does it cast doubt on the seriousness of the proposal. In fact, having a full written contract that has been
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professionally reviewed and approved demonstrates both the sincerity of the signatories and their intent to
establish a significant and often long-term agreement.