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Man lost $4m after not putting his business loan in writing
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You should always insist on the necessary paperwork being done if you are investing or handing over large sums of money to another party.
PHOTO: PEXELS
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A businessman who lost $4 million in a too-good-to-be true deal based on nothing more than a verbal agreement is about as clear a reminder as you will ever get that you must have everything in writing, and preferably in triplicate.
A simple rule of thumb sums it up: If a deal is not worth your time and effort to get it down in writing, you are probably better off steering clear of the whole thing.
