Our nonprofit wants to collaborate with another organization on an event. We trust each other and have agreed on who’s doing what. Can we skip the contract?
If you care about the success of your collaboration, then take it seriously. Make use of the trust between you to clarify the work you plan to do together, ownership and use of materials, financial commitments, and the possibility of things not working out. These items, put together in writing, are essentially a contract. So, yes — you need one. Here’s why.