Posts tagged drafting
How To Avoid Getting Trapped In A Bad Contract

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.

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What Do You Do Again? Getting Clear on Client Deliverables.

When a project is coming together in your mind, all the moving parts are clear. You’re a pro at what you this comes almost naturally to you. Your clients aren’t quite so well-versed though. They may have never worked with you - or anyone like you - before, so are coming to the project with their own idea about what will happen.

Making sure that you and your clients are on the same page when it comes to what working together entails is vital for ensuring that there aren’t any 11th hour snafus or disappointments.

It’s worth it to include the details of the work you’ll be doing in your contracts. Here are my recommendations on where to start.

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Contract Red Flags You Can't Afford To Ignore

Ever get butterflies in your stomach, but aren’t sure why? Or the hairs on the back of your neck stand up on end? It could be love, or a full moon…or it could be your entrepreneur intuition kicking in and telling you to think twice. Over the years, I’ve honed my Spidey Senses when it comes to contracts that are going to be more trouble than their worth – and today I’m sharing my Top 3 Contract Red Flags.

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