But My Chinese Business Partner and I Have Done Business on a Handshake for Years...

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Wouldn’t It Be a Terrible Insult for Me to Insist on a Long and Expensive Contract at This Point? How Can I Insist on a Contract Now and Not Lose Face or Cause My Partner in China to Lose Face and Not Damage This Important Relationship?

I will begin with my usual interface with clients on a related point. I will ask them whether they are currently getting along well with their business partner(s). If they say yes, then I will usually smile and nod and tell them that this makes for a perfect time to negotiate a written contract—it is never good to try to work out a contract with someone when you are not getting along with them and when there is an absence of mutual respect and trust!

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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