Do you think contracts build trust or erode trust between people? A prenuptial agreement is a kind of contract, do you think this type of contract strengthens or weakens a relationship?

Background on Trust

Most would agree that trust is essential for a business. For entrepreneurs, business owners, and company leaders, a lack of trust can be the biggest of expenses. Trust is the result of many actions, words, thoughts, and intentions developed over time but can be lost in a moment. If trust is missing, transactions cannot occur, influence is eroded, leaders can lose teams and salespeople can lose customers. The real currency of business is the trust within these relationships.

Discussion Questions

Do you think contracts build trust or erode trust between people? A prenuptial agreement is a kind of contract, do you think this type of contract strengthens or weakens a relationship? Why or Why not?
What do you think of the statement, “My word is my bond.” Should our word be held to the same standard as contracts? Explain.
As you reflect on your response to the discussion questions above, how do the values you shared in your values statement align?

The values chosen were honesty, accountability and being respectful

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