As you prepare for your next contract, find a good contracting attorney. Think through the scoping and pricing of your work and refine the contract language until it's as clear as possible. Carefully review all terms and conditions so you understand the implications of each clause. It's easy to enter a contract optimistically and diminish the possible impact of the negative clauses until it's too late.
- As you prepare your next contract,…consider these following next steps.…Find a good contract attorney.…Get someone with experience with consulting contracts.…They'll help you navigate challenging contract provisions,…and mitigate your risk of bad contract outcomes.…Think through the scoping and pricing of your work,…and refine the contract language…until it's as clear as possible.…Leave as little as possible open for debate…or interpretation after the fact.…
Carefully review all terms and conditions,…so you know and understand the implications…of each clause in that contract.…Know the risks you're taking.…Actively mitigate them…during the contract negotiation process.…Look, when a client approaches you…to do a project for them, it can be an exciting time.…You might be tempted to rush the contracting process,…and get to work quickly, so you can start making money.…It's easy to enter a contract optimistically,…and diminish the possible impact of negative clauses,…until it's too late.…
So slow down, be thoughtful,…
- Major and minor contracts
- Registering as a supplier
- Setting pricing, payment, and other contract terms
- Insurance requirements
- Defining your project
- Negotiating the contract
Skill Level Intermediate
1. Start the Contracting Process
Register as a supplier2m 31s
2. Understand Contract Elements
3. Define Your Project
4. Negotiate the Contract
Next steps1m 18s
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