Entrepreneurs have a lot on their plate, and the one thing that can really get them in trouble is the legal aspects of business. When first starting a business, there’s a lot of hustle involved, which leads to the small business owner taking major risks.

Some of the most worrisome risks of all are contract-related.

You might agree to something orally, and if you don’t meet your end of the agreement, you might be in trouble as a result.

Let’s talk about some of the contract law basics every entrepreneur should know and understand.

What Constitutes a Contact?

There are written and oral contracts.…