>>>>Your advise appriciated and certainly taken into consideration. Currently all legal issues with the big clients are taken care of by 3rd parties. As of smaller clients (I still got a few of those), I have a very good understanding with them personally (some of which are personal friends) and I don't see the need to do that, as you don't sign a contract when you let your car be repaired. If I go to a new client, that is going to be significant, I'm going to take a 3rd party with me who is going to take care of that, as on my own I'm not able to ensure much to the client in terms of support and ongoing development when I'm nor able to do so.
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>>>Don't expect your 'personal friend' still to be a friend when all of a sudden he has a cash problem. When it's time to pay while there is no more money left, that very friendly and jovial client can easilly become a monster who will blame YOU for HIS problems.
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>>Well, I don't want to anticipate on that. It certainly means that I'm in risk of losing some money because clients don't pay. However, he probably will have bigger problems as his software is not supported anymore. Legally I'm not responsible for any damage my software does cause in any way, so all I have to lose is some income. I can live with that.., more than with losing a friend.
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>>However note that my largest income is safeguarded, but for the smaller client, I indeed am in some risk, risk that I'm willing to take. I'm confident enough that I can deliver what I promise. If I'm not sure, I'll not promise.

>You have been warned. Time will learn. :)

Yep, as I was warned a long time ago. I'm aware of the risks.