Well-written contracts lead to more productive client relationships. Learn how to create consulting contracts with well-defined terms, pricing, and scope.
- Contracts can be boring, frustrating and intimidating. They're full of complex words like aforementioned, notwithstanding and indemnification. The thing is, when you run a consulting firm, the terms of the contract have a tremendous impact on the work you do, the money you make, and the risks you face. I'm Mike Figliuolo, Managing Director at thoughtLEADERS. I've read and written hundreds of consulting contracts, and I've experienced first hand the negative impacts of a poorly written contract.
I've also seen well written contracts that led to productive client relationships. I built this course by breaking down and explaining the major provisions you'll find in common consulting contracts. I'll cover the different types of contracts, pricing and payment terms, warranties and liability, insurance requirements, project scoping, and some negotiation tips. I'll also highlight common risks present in the contracting process.
Let's see how you can be more effective at drafting your consulting agreements, and getting your clients to sign a contract that both of you are happy with.
- Major and minor contracts
- Registering as a supplier
- Setting pricing, payment, and other contract terms
- Insurance requirements
- Defining your project
- Negotiating the contract