Formal agreements and contracts are only necessary for big projects 😲
In this episode of Engage And Thrive, I’m going to give you some thoughts of what, in my opinion, is good areas to have included in a contract or service agreement. This episode was inspired after a discussion with a fellow professional who was talking through the ongoing battle of Freelance life and chasing payments yet always having to deliver projects. This conversation made me reflect on so many experiences over the year where I have been “caught out” by the thrill of a project that I let the formalities lag or “trust” the situation. Not any more.
I cannot stress this enough, I am not a lawyer so please do not take my thoughts as your legal advice and please seek professional legal advice when you are drafting your own contracts.
As always, these are the basic tips to get you started and we go further into details of some of these in other episodes e.g. Why you would want an SLA and how to create healthy professional boundaries, so don’t forget to follow along for other episodes.
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Reminder
00:41
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Myth busting
00:58
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Key components of a good agreement
01:48
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Vocab
01:48
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Details matter
05:47
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Money
06:58
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Who owns what
07:58
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Professional boundaries
08:27
A document that defines the project’s work requirements.
Key stages or progress points in a project.
The tangible or intangible goods or services to be provided upon completion.
Final reminder, please seek professional legal advice in regards to contracts and agreements.
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