There is a striking sculpture in the Tulsa suburb of Broken Arrow. A bronze sculpture named “Binding Contract” by Bradford J. Williams is in the middle of downtown and it kind of tugs at the heart a little bit. Two cowboys are shaking hands across a fence and you can tell that they are neighbors but more importantly you can tell that for both of them, their word is their bond. For those of us in the business end of things, our word is very important and so is the word of your counterparty. Contracts are very important and not to be neglected but all they are is a statement in writing of both party’s intentions. From the day a contract is signed the business relationship is tested all the time with situations that were not foreseen and one depends on the other person’s word that the relationship will continue.
I love the sculpture and the principal it represents.
I’m linking with Good Fences today.
And a Happy New Year to You!