Category Archives for Contracts

Contracts – Part 3 – Protect your revenue grow your team (S3E64)


Growing a business to the point where it’s producing steady revenue is a milestone accomplishment for any business owner. But what are you doing to protect your revenue stream(s)? And when the time comes to grow your team, how are you making sure that the very things that make your business successful are protected?

In this week’s episode I cover the contracts you need in your business to protect revenue and grow your team:

  • The basics to include in a client services contract
  • Why you need to spell out who will own any intellectual property in your contracts
  • Special contract considerations for event planners and for coaches
  • When you need to have contracts in place if you sell a physical product
  • The contracts you need if you do live events, especially if you work with sponsorship
  • Important contract terms for affiliate or referral programs
  • Why you may not want to use Paypal for affiliate payout
  • Which contract to use with your employees to protect your trade secrets
  • Why it’s not a good idea to use both your independent contractor’s and your contract (just pick one to sign)

Key takeaway: Hard work pays off for a lot of business owners, but if you’re not using contracts to protect your business, it could all be for nothing.

Additional resources:

Contract template store: www.awbfirm.com/contract-templates

Legal Road Map® podcast episode 12 – www.awbfirm.com/podcast12

Legal Road Map® podcast episode 37 – www.awbfirm.com/podcast37

Legal Road Map® podcast episode 49 – www.awbfirm.com/podcast49

Legal Road Map® podcast episode 50 – www.awbfirm.com/podcast50

Legal Road Map® podcast episode 51 – www.awbfirm.com/podcast51

Sign up below to get a free 5 Minute Intellectual Property Audit. You’ll learn how you can make more money from the copyrights and trademarks in your business (you can also sign up there to be the first to know when new episodes are live and receive other legal updates and special offers from the AWB Firm).

If you’ve realized you’re missing a key contract for your business, visit http://awbfirm.com/contract-templates/ to learn more about our customizable contract templates, and sign up for a free worksheet to help you write your own contracts.

This podcast is information, not legal advice specific to your situation.

Contracts – Part 2 – What every online business needs (S3E63)


Most businesses these days have a website. With all the online platforms available, it’s easier than ever to DIY this business essential. But one area of your website that you definitely don’t want to DIY is contracts: privacy policy, terms and conditions, disclosures, disclaimers, and more.

In this week’s episode I talk about the contracts you need for your website:

  • The one contract every website needs (even though no one will ever read it!)
  • Why just linking to your privacy policy in the footer of your website might not be enough under the EU’s new GDPR laws
  • The best practice contract you should have on your website even though it’s not required
  • How terms & conditions on your website can help if you have to go after a copycat
  • Which industries need to worry the most about including a disclaimer on their website
  • The determining factors for disclosing if you’re being compensated for promoting a product or service

Key takeaway: It can be super simple to set up a website these days. But without the proper contracts in place, your website could create legal problems down the road.

Additional resources:

Legal documents, notices, and disclaimers you must post on your website and what to include (episode 3 downloadable): https://www.awbfirm.com/podcast3

Contract templates: https://awbfirm.com/contract-templates/

Sign up below to get a free 5 Minute Intellectual Property Audit. You’ll learn how you can make more money from the copyrights and trademarks in your business (you can also sign up there to be the first to know when new episodes are live and receive other legal updates and special offers from the AWB Firm).

This podcast is information, not legal advice specific to your situation.

The most important protection for your business – Contracts – Part 1 (S3E62)


It can be easy to get caught up in the flashier parts of your business,  like selling a course or putting together an affiliate program, but if you don’t protect your business with contracts, you could lose everything you’ve worked for.

This week’s episode starts my month-long focus on this business essential, covering important items like:

  • A few business scenarios in which you might need a contract (some of these might surprise you!)
  • How a solid contract works wonders for your professional image
  • Why signing a contract is really an act of trust – not the opposite!
  • The five most important things to consider for your contracts
  • A clever tip to get a (mostly) custom contract for your business even if you don’t have a big legal budget
  • The one type of contract that all businesses with a website need
  • Why podcast hosts need contracts

Key takeaway: No matter what type of business you run, in order to protect it, you need to be using solid contracts. Protecting everything you’ve worked for now with a contract can prevent devastating consequences down the road.

If you’ve realized you’re missing a key contract for your business, visit http://awbfirm.com/contract-templates/ to learn more about our customizable contract templates, and sign up for a free worksheet to help you write your own contracts.

Sign up below to get a free 5 Minute Intellectual Property Audit. You’ll learn how you can make more money from the copyrights and trademarks in your business (you can also sign up there to be the first to know when new episodes are live and receive other legal updates and special offers from the AWB Firm).

This podcast is information, not legal advice specific to your situation.

The importance of work-life balance and reading contracts (S2E36)


Jenny Shih of the Success Your Way podcast joins us in this episode to talk about the importance of knowing when it’s time to pivot your business and how crucial work-life balance is to online entrepreneurs.

Listen and learn:

  • When is the perfect time to hire help
  • How to tell if it’s time to shift your business model
  • The pros and cons of a one-on-one vs. group model
  • Why finding balance in life is good for business
  • The importance of understanding any contract you sign

KEY TAKEAWAY: Many people set out to work for themselves so they have more control over their schedule, but much of the time the opposite becomes true. Setting boundaries and being clear on what work-life balance looks like to you will help your business succeed.

Sign up below to get a free 5 Minute Intellectual Property Audit to learn how you can make more money from the copyrights and trademarks in your business (plus be the first to know when new episodes are live).

This podcast is information, not legal advice specific to your situation.

Making partnerships and collaborations successful (S2E35)


We’ve all probably heard a partnership or collaboration horror story or two. Join me in this week’s episode to learn ways to protect your partnership or collaboration from the start.

Listen and learn:

  • The four essentials to address before you partner up
  • What type of agreement can help you gain ownership of work created by your independent contractor
  • How even email can save your partnership or collaboration

KEY TAKEAWAY: Get it in writing! No matter how advanced you are or aren’t in your business, spelling out the essentials in clear, plain language from the beginning can save you a lot of headache(and legal fees) down the road.

Visit www.awbfirm.com/podcast to sign up for a free 5 Minute Intellectual Property Audit to learn how you can make more money from the copyrights and trademarks in your business (plus be the first to know when new episodes are live).

This podcast is information, not legal advice specific to your situation.

Digging deeper into licensing agreements (S2E33)


Giving someone permission to use your process, teaching method, or body of work can feel overwhelming. This week’s episode covers many of the important things to consider when you’re developing a licensing agreement.

Listen and learn:

  • A good litmus test for creating your licensing program rules and regulations
  • The the three elements that every licensing agreement needs
  • How advances and royalties work under a licensing agreement
  • The pros and cons of having a territory clause
  • The most important word to keep an eye out for in a licensing agreement

KEY TAKEAWAY: From payment arrangements to use of social media and termination clauses, there are a lot of things to make sure you get right in your licensing agreement. Working with a trusted legal advisor can make sure that your work or program is experienced the way you designed it to be, whether you’re the one sharing it or not.

Sign up below for a 5 Minute Intellectual Property Audit to learn how you can make more money from the copyrights and trademarks in your business (plus be the first to know when new episodes are live).

This podcast is information, not legal advice specific to your situation.

Your rights when writing a book (S2E29)


If you’ve written a book or are in the process of writing a book, join me for this week’s episode where I discuss protecting the intellectual property in your book. You pour your heart and soul into the body of work you create. Protecting the intellectual property in your book is essential to making sure all of your hard work continues to work for you and not for others.

Listen and learn:

  • Why early copyright registration is essential to protecting yourself and your book
  • What elements of your book are covered by copyright
  • The potential cost of a copyright infringement lawsuit
  • What you should know about co-author agreements
  • How contracts can save you when working with independent contractors
  • Why you might not be able to trademark your book title

KEY TAKEAWAY: There are a lot of moving parts involved in writing a book, and it can be overwhelming to make sure your legal house is in order. A trusted legal advisor can help make sure you and your book are protected before you publish.

Sign up below to get a free 5 Minute Intellectual Property Audit to learn how you can make more money from the copyrights and trademarks in your business (plus be the first to know when new episodes are live).

This podcast is information, not legal advice specific to your situation.

The ins and outs of publishing a book (S2E27)


Publishing a book is a tricky process to navigate. Traditional publishing and self-publishing both bring their own set of unique challenges. This week’s episode lays the foundation for understanding the process of publishing a book as well as some of the legal issues you’ll need to keep in mind.

Listen and learn:

  • What the role of an agent is (and where their expertise ends)
  • How a trusted lawyer can bring value whether an agent is involved or not
  • The important questions to ask about royalties and advances
  • Why a multiple book deal isn’t always best
  • The benefits that both traditional publishing and self-publishing can offer

KEY TAKEAWAY: A book deal can be the gateway to growing your business and reaching your big goals (or it may be the goal itself!). Having a trusted legal advisor’s help along the way can ensure your book gets you where you want to go instead.

Visit www.awbfirm.com/podcast for a transcript and show notes, and sign up to get a free 5 Minute Intellectual Property Audit to learn how you can make more money from the copyrights and trademarks in your business (plus be the first to know when new episodes are live).

This podcast is information, not legal advice specific to your situation.

Kathleen Shannon & Emily Thompson on Being Boss® in business (S2E26)


Being Boss®  founders, Kathleen Shannon and Emily Thompson, share valuable insights about partnering with others in business and the ins and outs of publishing a book.

Listen and learn:

  • Why you should have Terms and Conditions on your website
  • How getting a registered trademark can be motivation to level-up in your business
  • How essential an Operating Agreement is when partnering with others
  • Why self-publishing may not be the best route for your book
  • How having a trusted tribe of bosses can be so valuable in navigating business decisions

KEY TAKEAWAY: Legal may not always be necessary early on in business, but it can be essential when you’re partnering with others. Working with a lawyer who knows your business can help you and your partner(s) reach your long term vision through short term goals.

Sign up below to get a free 5 Minute Intellectual Property Audit to learn how you can make more money from the copyrights and trademarks in your business (plus be the first to know when new episodes are live).

This podcast is information, not legal advice specific to your situation.

What’s the first legal project you should work on with a lawyer? (LRM S2E17)


If you’ve never worked with a lawyer, where do you even begin? I usually suggest a custom contract to protect your main revenue stream: client services, group programs, digital products or online courses, event attendee, or wholesale terms.

Listen and learn:

  • When it’s time to uplevel the contracts you cobbled together yourself or created from a template
  • Why contracts are so important to your business
  • What could happen if your business isn’t using a solid contract for the main revenue stream
  • What kinds of contracts your business may need  

KEY TAKEAWAY:  Every business needs solid contracts.  As your business grows, the stakes are higher, and contracts custom-tailored to protect your business’s main revenue stream, by a lawyer who understands your business, is a must-have.

Sign up below to get a free 5 Minute Intellectual Property Audit to learn how you can make more money from the copyrights and trademarks in your business (plus be the first to know when new episodes are live).

This podcast is information, not legal advice specific to your situation.

Make more money for your business by licensing your content and brand (LRM S1E10)


How can you get paid for the intellectual property your business owns? Licensing might just unlock a hidden revenue stream. Learn about the basics of selling a license, or permission to use your copyrights, trademarks, or patents.

(Be sure to listen to Episode 5 first for an overview of the different kinds of IP; Episode 10 builds on Episode 5).

Episode highlights:

  • License = fancy word for permission to use your IP
  • What terms should your license include?
  • What’s the difference between an exclusive and non-exclusive license?
  • What should you charge for a license?

KEY TAKEAWAY: A license is a contract, and like any contract, it’s always best to put exactly what you’re giving permission to do in writing, signed by both the owner of the IP (licensor) and the user (licensee).

Sign up below for swipe copy you can use to write your own basic license (plus be the first to know when new episodes are live).

This podcast is information not legal advice specific to your situation.

Every business with a website needs these documents in place (LRM S1E3)


NOTE – NEW PRIVACY RULES (EU GDPR) went into effect MAY 25, 2018. Check out episodes 38, 39, and 40 for updated information on privacy policies. This Episode 3 was published in 2016 and does not address the new rules.   

Wonder what those “privacy policies” or “terms and conditions” that you see on websites actually are? Find out about these and other documents and terms your website must have – terms of use, disclaimers, and disclosures.

Episode highlights:

  • Terms and conditions: the rules of the road for your website and how you protect your copyrights and trademarks
  • Privacy policy: required by law!
  • Terms of use: a contract with your e-course or digital product purchasers
  • Disclaimers: consider for health, financial, or legal information
  • Disclosures: required by the FTC if you receive money or products, and for affiliate links

KEY TAKEAWAY: If you collect any personal information through your website (even just an e-mail address through an opt-in or contact form), you are required by law to post a policy on your website telling your visitors what you will do with this information, such as whether you sell it to third parties or share it with your advertisers or partners.

Sign up below for a list of all the legal documents, notices, and disclaimers you may need to post on your website, and swipe copy you can use to create your own (plus be the first to know when new episodes are live).

This podcast is information not legal advice specific to your situation.

All about contracts, the most important legal protection for creative and online businesses (LRM S1E2)


What contracts do you need for your creative business, and what should they say? Contracts are THE most important legal protection for your business. Learn about contracts with your clients or customers, vendors, partners or founders, joint venturers, investors, independent contractors and employees, event attendees.

Episode highlights:

  • When is a verbal contract ok, and when should you put it in writing?
  • Liability waivers explained
  • Why you need an agreement when you let others use your IP (e-courses and digital
  • products + licenses)
  • Key terms every contract should include
  • How to get someone to actually sign a contract

KEY TAKEAWAY: You must put your agreements in writing. Whether you work with a lawyer or just write it up yourself, you’ll have all the terms are in one place if a question or problem comes up later.

Sign up below for a cheat sheet to write your own contracts with five key terms every contract should include (plus be the first to know when new episodes are live).

This podcast is information not legal advice specific to your situation.