Consider your contracts in light of future bank consolidation


I had one client who was extremely confident in his contracts. When asked about the affect on his business when one bank client acquired another client, he responded, "It does not matter -- I'm going to be paid either way."

I've lost PR clients when they lost business due to acquisitions. While I have not surveyed clients on the subject, I know some companies are better prepared for bank acquisitions than others. I am certain that how well you craft your contracts today, will impact revenues down the road.

Consider how your contracts can be constructed to provide a little protection your company, in anticipation of bank mergers and acquisitions.

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