From the course: Contracting for Consultants
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
Use different types of minor contracts
From the course: Contracting for Consultants
Use different types of minor contracts
- There are minor types of contracts you can use that are less cumbersome and less complicated than a master services agreement or a full services agreement. Letters of agreement are typically used for an individual project. If you sell another project in the future, you'll need to do another letter of agreement. These agreements tend to be much lighter in terms of the topics they cover. The positive of this is that there are fewer clauses to review and negotiate. The negative is it can expose you to greater risks because things like liability, intellectual property ownership, warranties, and other risks aren't included. Letters of agreement can be great for very limited scope engagements like a paid presentation. For larger consulting projects, they're risky and ill-advised because of all the issues they don't cover. Letters of intent outline an agreement before a formal agreement is finalized. Generally, it's non-binding with the exception of some of the provisions like…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.