Protect Yourself When Doing Deals...
When negotiating a business deal, it’s crucial to know your limits.
You don’t want to extend beyond what you’re comfortable with, and that includes guarantees. Offering a limited cross guarantee, rather than the full transaction, is a smart way to protect yourself. For instance, you might agree to cover up to a certain amount, like £50,000, but no more.
If everything goes as planned, there shouldn’t be an issue – but always protect yourself just in case.
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