There are concepts that you need to know and are important no matter what type of contract you find yourself signing. What are these concepts and how do they impact your contract and what lawyer tricks should you look out for? In this video, author Seth Polanksy walks you through the most common tricks lawyers can use.
- I've been working with contracts for over 15 years.…In my experience, there are several issues…that I've seen pop up over and over again.…Here they are.…One, signed contracts.…This may sound ridiculous, but in nearly half of the cases…I end up getting involved with no one can seem to locate…or produce a signed contract.…PDF's are perfectly fine and admissible in court.…In this age where I can walk around…with all of the knowledge of humanity on a handheld device,…there is absolutely no excuse to work at risk.…
That is to say, without a signed contract.…Just don't do it.…Make it your company policy and never break it.…Two, lack of teeth in payment provisions.…We've gone over this several times already.…Make sure your contract says something more than…you'll be paid in 30 days.…Most contracts will read something like,…service provider will be paid in 30 days.…Make absolutely sure that you have a penalty in there…for any late payment.…
Three, the phrase, notwithstanding anything to the contrary.…I want you to think about what that phrase means…
AuthorSeth C. Polansky
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
Skill Level Intermediate
Running a Design Business: Starting Smallwith Petrula Vrontikis1h 33m Intermediate
1. Introduction to Contracts
2. Non-Disclosure Agreements (NDAs)
3. Work-for-Hire and Contractor Agreements
4. Proposals, Quotes, and Statements of Work (SOW)
5. Licensing Agreements
6. The Most Important Parts of Any Contract
7. Additional Resources
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