When negotiating a contract ask for every free or inexpensive option you can get. The other party usually is willing to give them away because they appear to be irrelevant to the dealbut sometimes they become very valuable later on.
When leasing a property, ask for an option to sublease even if you have no plans to do that. When committing to a long-term purchase contract, get an option to resell the goods you buy even if you intend to use them yourself. If circumstances unexpectedly change, you may need to sublease or sell the goods.
Stanley Zarowin
Youre Invited
Have you always wanted to see your name in print? Do you have an amusing story to share?
Were looking for funny anecdotes about the CPA work day to include in our new Top Line section. Send entries to joaed@aicpa.org . |