Binding agreements. Our contracts outline what our responsibilities are, how they’re to be performed, when, by whom and – the highlight – how much it’s going to cost. Entering into a business relationship without a contract can be risky. But so can signing one if it doesn’t have all the right ingredients to protect us.
One of the biggest questions to ask yourself before signing a contract is “What if…?”
“What if my business changes?”
“What if the client needs more from me?”
“What if demand goes through the roof?”
The clauses that help cover you in these instances are what I like to call the escape clauses. The ones that let you re-open a negotiation to change terms that no longer work for you, and the ones that give you an opportunity to say goodbye.
Let’s look at how these clauses can come into play for your contracts.Read More