Contracts are all around us. They bind our world together, and they are part of the natural fabric of any business. What is the difference between contracts, and the unwritten verbal or non-verbal agreements or trust that influence every organization?

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Research shows that vocalizing contracts, and establishing them in a more formal agreement can lead to increased productivity because both employees and managers recognize the loss of control and trust inherent in breaking long standing contracts.

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Acknowledging and improving these agreements can have substantial positive effects. Because these contracts permeate the entire organization, turning your attention to them has the ability to elevate both trust in individuals and teams.

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Contracts present an opportunity to build trust. Trust is well known as a necessary component—if not the most important variable—of successful teams.