Believe it or not, the old-time handshake started as a way for two people to make sure of each other that none of them were carrying a gun. Over the years, this simple gesture has become a contractual symbol – or guarantee – of an oral agreement. But does the old handshake agreement still have weight in the age of directory contracts, fine print and legal battles? However, this will not be a difficult task. Most companies use standard conditions to save time, reduce risk and secure their agreements with customers. We will review the terms and conditions in the next article in this series. If the designer made the offer and you answered with “OK, 700 euros is, but are you going to make my business cards as part of the agreement?”, that would not be the hypothesis. This would be a counter-offer since you changed the terms of the initial offer. The ball is then back to the designer, either accept your offer or make another counter-offer, and this back and forth will continue until there are no more negotiations. Handshake sketch.
Scribble handshake with isolated human hands. Business professional, business people cooperation however, there is still a very important point to be made. While you have a legally binding verbal agreement for the designer to offer the service, you won`t really own the logo when it`s ready. Not even if the designer says you`re going to do it and shake his hand to confirm! The reason you don`t own the logo is because the transfer of intellectual property rights is one of the few specific situations in which an oral agreement is not binding, even if the five essential elements are in place. (Other examples for which a contract must be entered into in writing are when you buy or sell shares in a company or give a guarantee.) The answer is yes, as long as you can prove it in court. It is interesting to note that many powerful people have concluded handshake agreements, from Bill Clinton and Newt Gingrich to Bill Gates and Steve Jobs. But more than likely, these handshake agreements were followed by large contracts that outlined important points of agreement and conditions. If you`re the kind of person who prefers informal chords sealed with a handshake, you have at least a few people at your fingertips to see how you “shake.” A handshake agreement is increasingly binding when there are witnesses to the agreement. In other words, avoid accepting anything in a dark alley if no one else is watching. Until then, all is well, and at this point, you and the designer may think that the agreement is done. But there is one last thing to look for, and that is security.
Both parties must be aware of the terms of the agreement they have reached. Is the handshake legally binding or not as part of an agreement? Many of the entrepreneurs I work with say they will only deal with someone they trust.