This is not the first time we have touched on contracts, they such an important role in today’s business that we are re-posting this small piece of advice.
If you are in business than you have probably been burnt once or twice, unfortunately this is just a part of life. No matter what you sell or what type of service you provide you will always find those that are unhappy, no matter how hard you try to please there are some that cannot be satisfied. In situations like these it’s critical that your responsibilities to the client are spelled out and in writing. This is not only for your protection but their protection as well. Contracts are the basis for business and have been in use since ink touched paper, they provide not only peace of mind for the buyer but the legal protection of all parties involved. If you are not using them you should think about starting, without some type of contract between parties you are left unprotected and defenseless against anothers whim, confusion or misunderstanding. You will be left with a he said she said scenario and that’s not good when you are talking dollar and cents.
Here are some best practices when dealing with contracts:
1) READ THE CONTRACT – ALL OF THE CONTRACT – NOW READ AGAIN. Signing something you have not read is foolish and typically occurs with the inexperienced, you cant cry foul later when you realize you have agreed to something you would not have had you actually read the contract. This is common sense, read before signing.