In your business, think of written contracts as a form of relationship counseling.  Contracts help to manage expectations in your business relationships.

Consider this graphic to help you evaluate the relationships in your business and determine which ones need to be managed with a contract. (You need to open the blog post and then click on the link or you'll get a 404 error.)

Targeting Relationships That May Need A Contract (Must Open Blog Post to View)

 If you think a contract is too much trouble, keep in mind you probably already have a contract.  If you have mutual promises with an exchange of value (consideration) you meet the elements of a contract.    To cover the bare minimum of what should be in a contract, review my post on the 5 Ws of A Contract.