Digital Entrepreneur
Digital Entrepreneur

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.

  • Reminder

    00:41

  • Myth busting

    00:58

  • Key components of a good agreement

    01:48

  • Vocab

    01:48

  • Details matter

    05:47

  • Money

    06:58

  • Who owns what

    07:58

  • Professional boundaries

    08:27

SOW - Scope Of Work

A document that defines the project’s work requirements.

Milestones

Key stages or progress points in a project.

Deliverables

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.

TAE LON

Taelon, the sole host of the Engage And Thrive Podcast, is an experienced Digital Entrepreneur and Business Advisor to businesses of all sizes. Each bite-sized episode demystifies common business myths and offers actionable insights.

If you would like to partner with Taelon, you can book a call here. Discover how tailored strategies can help your business engage and thrive.