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Three strategies to minimize litigation risk

Reference: FCC

John Goudy, a farmer and lawyer based near London, Ont., says improper or non-existent leases and other business documents, such as rental agreements, are a source of legal conflict.

Swapping handshakes and oral contracts for detailed written leases can help prevent misunderstandings, while protecting the parties involved. This, says Goudy, extends to farmland sales as well.

He adds written leases are already required more regularly – particularly from large farmers and non-farming landowners – with disputes often arising when the opposing party resists this more formal approach...Read More