I like Deal Memos because they’re just as binding as a real contract and they can save a lot of time and heartache.

If time is of the essence — and the tar pit of approvals is bearing down on you and a project that needs to completed fast — use a Deal Memo to trick out the most important details that both parties have agreed to, and you can make it binding via email and with replies of agreement.

Deal Memos can codify and express and protect both sides until a formal paper contract can be drawn — and quartered! — for official signatures and all the unnecessary and punishing boilerplate.