On today's episode of the podcast I share part five of the Contract Series where I discuss the reasons you need more than one contract in your business.
A lot of us tend to only think about our Client Service Agreement when working on contracts for our business but there are other types of contracts you may need for your business so I'm breaking them down on today's episode. For downloadable contract templates, click here.
1. Client Service Agreement. This is the common, most important one, we sign with our clients. Typically, we need more than one Client Service Agreement. one for each service we offer and one for each package tier. I recommend having one template for each inside your CRM like Honeybook or Dubsado.
2. Contractor Agreement. This is what you will use if you're hiring a contractor to help with your business like a Virtual Assistant. If it's something project-based that the VA offers other people, ideally the VA should send you a Client Service...
Today's episode is part four of the Contract Series where I share what to do if a client is planning to sue you.
Client issues are more common than you think, and client issues do not mean you're not good at what you do. Sometimes we fuck up, sometimes we just have messy clients. There will always be client issues when it comes to owning a business.
Back on Episode 112, I spoke with DJ Kevin Dennis about his experience with the legal system with a lawsuit from a couple about Kevin's contract and COVID related cancellation refund. Similarly, last year on Judge Judy a client sued a wedding planner for a refund due to a COVID cancelation/postponement. The planner said the retainer was non-refundable and have already substantially performed under the contract.
I give you examples not to scare you but to show you that even for small businesses with contracts under $5,000 can get into legal disputes.
If it looks like you're heading down this road with a...
Today's episode is part three of the Contact Series. If you missed the last two weeks, go back and check out the first two episodes in the series
Five Ways Small Businesses Typically Taking Payments:
1. Hourly Payment - Most common along virtual assistants, coaches, consultants. If you have a no cancelation policy, you are better off charging a package price so you are still compensated for any hours you miss due to the client's no-show
2. Monthly - Conover with coaches, VAs, and even wedding planners. Monthly payments can be on a schedule, for example for a wedding planner let's say it's $12,000 you can say it's $1,000 a month that way if there is a cancelation you've still been paid for the months of work you did leading up to the event.
3. Flat fee per project - Common for graphic designers, web designers, creators who sell physical or digital goods. When you offer a flat fee per project you can split the payments into all the payment up-front, half up-front...
On today's episode, I continue the Contract Series with the importance of outlining your scope of services as a way to avoid the dreaded "Scope Creep."
Scope of services is what I view as one of the two most important parts of a contract. Typically we enter a contract because we are selling something in exchange for money. The contract needs to define what it is we are giving the client (product, service, etc.) and what they are giving us in return (money, exchange, etc.).
In a barebones, napkin contract, you'd have the names of the parties, what it is you are offering (scope) and what it is you are receiving in return (payment terms).
Scope creep is a very real thing, often happening to service-based business providers when the client starts to ask for more and more things (often little by little) that are not explicitly highlighted in the contract.
If you have multiple packages available, you will want to have a contract template for each level of...
On today's episode, my guest, Danait Berhe, Founder & Brand Strategist of The Asmara Agency, shares her insight on evolving your contract as your business grows.
Offering a wide scope of services from logo and web design to brand refreshes, Danait's scope of services changes for each and every client which means each client is getting their own custom contract.
Clarity is key when it comes to contracts. Start by spelling out all the details in your proposal before the contract so your client understands what they will be getting and the timeline for the project to be completed so this way you can accommodate and charge for any changes as you move them into the contract and need to charge additional rates for faster results.
Be sure to include:
-updated scope of services - define what they're getting out of the services
-project schedule - detailed timeline of when to expect client responses and what happens if the client does not respond by the specified...
On this episode, I answer the question "With all this Covid-19 stuff happening and state/local mandates beginning to loosen up, as an event coordinator/planner/venue, what are key things a waiver should have?"
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On this episode, I share a quick tip on how to keep your clients up-to-date on current happenings with regard to COVID-19.
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On this episode, I answer the question "I need to revamp my company's contract (wedding planning business) to cover postponements, cancellations and to include force majeure.
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On this episode, I answer the question "If your contract says you do not refund deposits if you do not perform, is that enforceable?
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On this episode, I walk you through updates to AB5, California's new contractor law, which could potentially create carveouts for some wedding pros.
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