Contracts: You have that in writing, right?
Are you doing business with clients or collaborating on projects with other people? You mustput your agreements in writing. If you’re just starting out, you don’t have to work with a lawyer. Even if you just write up a basic agreement that you both sign, you’ll have all the terms are in one place if a question comes up later, not in seventeen e-mails or texts.
As your business grows, and you’ve got more to lose if something goes wrong, it’s definitely a good idea to work one-on-one with a lawyer to create a contract. You need to be sure your contract truly protects you, works with the way you do business, and would hold up in court if you ever got into a real disagreement.
But I trust this person, people tell us all the time. We have a great relationship, I don’t want to scare them away with a big contract full of legalese!
Contracts are not a wedge between you and your client or collaborator. They are a gift to both sides. They let both of you know the ground rules for how you’ll work together. Once you both know the rules of the game, you’re free to stop worrying about what could go wrong and focus on the amazing things you’ll do together.
If you write your own contracts, be sure they include at least:
- List of goods or services being provided and any deliverables (be specific!)
- Cost and payment deadlines
- Refund policy
- What happens if one or both of you wants to end the agreement early (i.e. is there a certain amount of notice required, do you still get paid, etc.)
- If content is being created, who owns what and will any native or design files be shared
Ideally, you’ll both sign the contract and keep a copy for your own files, to show you both agreed to all the terms, but how often does that actually happen? We highly recommend using an e-signing service like HelloSign or RightSignature (I’m not an affiliate, just think these are great services — we use HelloSign for my own client contracts).
We went from about 1 in 10 clients actually signing my client contracts to 100% signature rate when we started using an e-signing service.
Not up for creating your own contracts? We get that, and it’s exactly why we work one-on-one with online and creative entrepreneurs every day drafting custom contracts.
New to business or not ready to invest in a custom contract? We also offer contract templates are a perfect fit if you’ve tried to write your own contract or borrowed one from a friend, but you’re not sure it includes all the right terms. You can customize our templates to the way you do business, and easily change them as your business grows.
*Legal Road Map Sessions, Q&A calls, Individual Legal Projects, and Retainer Services are only available to businesses seeking advice on U.S. intellectual property issues; businesses seeking advice on online business, technology, and e-commerce issues; and businesses located or registered in Tennessee seeking advice on local business law matters. Autumn Witt Boyd is licensed to practice law in Tennessee and other attorneys who work with our firm may be licensed in other states.
Our firm does not work on any patent law matters.
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Disclosure: Our clients did not receive compensation for sharing their experiences working with Autumn, and do not receive any compensation for referring new clients (this is prohibited by Tennessee ethics rules). These testimonials or endorsements are not a guarantee, warranty, or prediction regarding the outcome of your legal matter. We cannot guarantee results; past results do not guarantee future results.