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The Ethics Coach on Verbal Agreements, Ghostwriting and More

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This story appears in the October 2013 issue of Entrepreneur. Subscribe »
Do you have an ethical dilemma?
Write to The Ethics Coach at ethics@entrepreneur.com.

Q: When you close a deal verbally, shake on it and confirm the conversation by e-mail, are both parties legally, morally and/or ethically bound to it? What is one's word worth?

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