Proposals, quotes, and statements of work (also known as SOWs) are the smaller documents the creative industries run on. What are the sneaky lawyer tricks and legalize that you will want to look out for in these documents? Author Seth Polanksy walks you through the most common tricks lawyers can use.
- In this section, I'll show you some of my pet peeve…issues with proposals, quotes, and statements of work.…If you take nothing else from this section, take this,…please, for the love of all you hold dear,…include some basic terms and conditions…in your quotes and proposals.…At the very least, you should include items…that discuss the following:…how long is the quote or proposal valid?…If you fail to include this information,…you could be faced with the requirement…to deliver something that isn't available to you…at the same price it was when the quote was sent,…could be unavailable, or impossible to deliver.…
These mistakes are at worst financially costly…and at best, an unnecessary strain…on your business relationships.…Two, alteration of the terms not permitted.…Do not let the partner pencil in some changes…or you could find yourself bound to do work…that you never thought you agreed to.…Three, payment terms.…Make sure you include a requirement…that the payment be made within x days of y,…on z date, something.…
Disclaimer: This course is taught by an attorney and addresses US law concepts that may not apply in all countries. Neither LinkedIn (including Lynda.com) nor the instructor represents you and they are not giving legal advice. The information conveyed through this course is akin to a college or law school course; it is not intended to give legal advice, but instead to communicate information to help viewers understand the basics of the topic presented. The views (and legal interpretations) presented in this course do not necessarily represent the views of LinkedIn or Lynda.com.
- Why do you need a contract?
- Types of contracts
- Asking for an NDA
- Work-for-hire and contractor agreements
- Proposals, quotes, and statements of work
- Licensing agreements
- Delivery and payment terms