Originally Posted by
Greig Whitton
The obvious counter-argument is that you don't have to draw up a formal contract for your suppliers and that you can switch to different providers on a whim. However, this isn't entirely true. Even if you don't have a formal documented contract, there will still be a legally binding verbal agreement that can be enforced. Your supplier may decide that enforcing that agreement isn't worth the trouble, but that's probably because they have other clients and market opportunities to focus on. An employee, by contrast, will probably lose everything when they are fired. Yes, they can apply for a job somewhere else, but that will take time. In the meantime, they still have bills to pay, families to support, etc.
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