Now if everybody trusted everybody, there would be no need to cover every contingency by contract.

FORBES: Details Of NBA Labor Talks Are More Devilish Than We Can Imagine

Armstrong most certainly signed a contract that covered every contingency.

FORBES: Bravo's Ethical Dilemma

Your statement of work or contract for any business engagement should define the deliverable for each party, the payment terms, and what the contingency plan is if something were to go wrong.

FORBES: 4 Things I Wish I Had Learned In Business School