By segmenting the contract into individual units, it will be more easily understood by the parties and by a court should it come to that. The rights and obligations of each party should be laid out in specific language that leaves little room for interpretation. If you want delivery on the 15th of each month, use the specific number instead of writing, "mid-month". If you and the other party agree to a new term or decide to change an existing term in the agreement, be sure to add a written amendment to the contract rather than relying on an oral agreement.
A court may or may not accept the oral agreement as part of the contract. It's important to specify how payments are to be made. If you want to pay half up front and the other half in equal installments during the life of the contract, state that, as well as the terms under which you will release payment.
For example if you contract with someone to paint your business offices, you might want a provision stating that your regular payments are contingent upon a certain number of rooms being painted to your satisfaction. Whenever possible, list dates, requirements and methods of payment cash, check, credit. Contract disputes often center on money, so you'll want to be as specific as possible.
Often when entering a business contract, the other party will gain access and insight into your business practices and possible trade secrets. If you do not want the other party sharing this information, you should include a clause that binds the other party from disclosing your business information or information included in the contract to other parties.
Contracts aren't meant to last forever. If one party continually misses payments or fails to perform their duties, you want to have a mechanism in place so that you can relatively easily terminate the contract.
It could be a mutual termination agreement when the objectives of each side have been met through the contract or more likely an agreement that either side can terminate if the other side violates a major term of the contract, after giving proper notice of its intent to terminate.
Contracts can stipulate which state's laws will govern in the event there's a dispute. If the other party is located in another state, you should include a clause that states which state laws will govern. If you don't, and there's a dispute, there may be a whole other legal argument which costs more money about which state's laws should be applied to the contract. Avoid this headache and agree to it at the inception of the contract, when both parties are agreeable.
Especially if you believe that it's more likely that you'll sue over the contract as opposed to the other party suing you , you might want to include a clause that awards attorneys' fees to the winning party. Without this clause, each party will have to pay for their own attorneys.
This site uses Akismet to reduce spam. Learn how your comment data is processed. Great post and I love your books Angela. They continue to help me hone my craft. Good step-by-step guide to create an overview of goals and an action plan for writers.
And this is a good time of the year to focus on goals and new beginnings! Thank you so much Jane for having me here today. Thanks so much for the great summary of the shifting writing landscape. Angela, This is an well-thought-out and doable plan. I love that you included plans to get training where needed as well as being open to traditional and self-publishing. Your post made me remember that I have taken many webinars and workshops over the years. Before I take another one I need to go back and review all the content on marketing, building a platform, etc.
And how nice to be married to a business consultant, right? Thanks for all the tips. So practical and thoughtful! Makes great sense, and I can implement it immediately. I appreciate the clear language and straightforward style in this post as well.
I had to giggle because I wrote on the exact same topic just yesterday on my blog! They need a good map, and a business plan is just that, with concrete and quantifiable goals broken down into action steps to get them where they want to go.
Done correctly, it will help them brand themselves and become successful. This was a hugely important endeavor for us; […]. Thanks for hosting her, Jane! Read the full post for a quick explanation for each step summarised below: Shared it with my daughter. I chuckled when I saw that your husband is a business consultant. Writing has become a new form of family business in my case too. Website design, editing, and marketing skills in my family have proved enormously beneficial.
A veritable resource for a beginner. I truly love this article. Thanks so much for sharing. This will be great for my blog and my writing group. This is such an excellent, helpful post! The template brings clarity and focus to what can be bewildering and overwhelming to a novice writer.
Thank you so much for sharing your process. I need to get focused about my writing goals and this is a great start. Also, I love a good template. The competition is fierce on Amazon and […]. What will help […].
Have you created a simple Business Plan For Writers to help you define areas of development and to keep on track when it comes to your […]. Thank you so much for sharing this. The competition is fierce on Amazon and if your book is not […]. I just LOVE this, and really appreciate the image of the chart. It saves time rather than having to figure things out from scratch. Seeing what works is SO helpful. Hey friends i have a very unique and cool idea for Your Business.
It helps you to Promote your Business. Make an app for all android and iphones,we have very unique and interesting app ideas. This app helps you for booking ,showing something and avail offers to the customers.
You can make your app in just 3 steps at very cheap rates. Thanks for sharing this post. It is very descriptive and very useful advice. This post helps the people to take the proper decision of business. The service of this company is very high quality and I am very benefitted with its service. Posted in Business for Writers , Guest Post. Angela Ackerman View posts by Angela Ackerman.
Look for the Majestic Silence. Thanks for sharing ideas for a business plan. I need to save this one! And I love your template! Episode 12 - The OutRamp.
Episode 6 - The OutRamp. Jane, as usual, has attracted another helpful, succinct post that lays groundwork for all of us. Episode 5 - The OutRamp.
Plan and present your business ideas with our free and easy Business Plan Template. Wow your stakeholders, lenders and investors now. Estate. How do I write a Business Plan? Purchase of Business Agreement: a contract where an individual or corporate party purchases all .
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You see, anyone can call themselves a business plan writer or business consultant without any prior experience whatsoever in business or plan writing. Never hire a business plan consultant without going over the contract and terms of reference. If the plan writer . Writing a Business Plan Georgia State SBDC 2 Business Plan Outline Cover Sheet: Business Name, Address, Phone Number, Principals contracts, etc. Writing a Business Plan Georgia State SBDC 6 Section One: The Business The following pages describe in .
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