5 BEST PRACTICES FOR SUCCESSFUL SMALL BUSINESS OWNERS IN THE CZECH REPUBLIC

Author: Mgr. Daniel Macek, 23. 10. 2020

5 BEST PRACTICES FOR SUCCESSFUL SMALL BUSINESS OWNERS IN THE CZECH REPUBLIC

Our Attorney Daniel Macek and Associate Iva Čípová, in cooperation with Expats.cz, prepared an article with tips for successful small business owners in the Czech Republic. 

Good business relationships with customers and employees begin by getting things in writing, says Macek. "Both parties know where they stand, what they have agreed on and what will happen in the event of a breach of contract."

He adds that his firm encounters numerous cases where people establish cooperation based simply on an oral agreement, which is incredibly difficult to prove in the event of a dispute.

But it's also possible to go overboard with complicated contractual documentation. "We advise against this style of contract," says Macek. "Contracts should be reasonably short, but enshrine everything the parties have agreed."

READ MORE: https://www.expats.cz/czech-news/article/5-best-practices-of-successful-small-business-owners-in-the-czech-republic

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