Hey, all you brilliant entrepreneurs!✨Have you got your own creative business up and running but still find yourself sitting on the fence about whether or not you want to set out those heavy-duty service agreement documents? To help give you that extra boost of confidence in this episode, we’ve put together 5️⃣ Benefits of a Solid Service Agreement to remind you why it’s important to protect your fabulous self ✨ and to send your agreement with pride! ⠀⠀⠀
1️⃣ Project Scope Clarity: A solid service agreement sets out exactly what services and deliverables will be provided. So when they ask for additional file formats or additional functionality on their website without wanting to pay you more - you can refer them back to your agreement. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
2️⃣ Definitive Payment Terms: Your agreement sets out how you’ll get paid and when, so everyone’s on the same page going into the project and bonus… you’ll know your rent/mortgage will be covered on time! ⠀⠀⠀⠀⠀⠀⠀⠀⠀
3️⃣ Defined IP Ownership: You’ve done the work, you’ve been paid, but who owns the intellectual property now? Your agreement will specify who will own what so you’ll know what belongs to you in no uncertain terms. Any content that has been created will be set out here, so you won’t be left in the lurch. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
4️⃣ Limited Revisions: You can make it clear how many revisions are allowed and included in your rate as well as your project scope as a whole. Nothing is worse than getting to revision number 23 - you’ve now spent way too long on this one project and there’s no end in sight. We’ve all been there. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
5️⃣ Efficient Feedback: You’ve sent the initial proof to your client 3 weeks ago and they’re still “thinking on it”. Your agreement can set out approval period terms and what happens if your client doesn’t adhere to these terms. Timelines are important to you and your client - help them stay on track by being specific in your agreement. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
If you want to build yourself a solid foundation then start with a kick-arse service agreement. You’ll be shocked you’ve gone this long without one.
Links in this Episode
Check out our website for some cost-effective, fill in the blank contract templates to help you https://founddlegal.com/collections/contract-templates-and-packages
Book a consultation: https://founddlegal.com/pages/schedule-consultation
Subscribe and Review
Don’t want to miss an episode? Then subscribe to Legals & Biz with Riz! I’ll be mixing up my regular episodes with sneaky little bonus episodes and you definitely don't want to miss those!
If you’re feeling the love and want to share some around, I’d truly appreciate it if you could leave me a review! Taking the time to leave a review means so much, and it would also ensure that other people get to hear about me, too! What can I say? I love the love. So go ahead, it’ll only take a minute! In iTunes, select “Ratings and Reviews”, select the stars icon to leave your rating then click “Write a Review” button, this will open up a pop-up window for you to write and submit a review! Easy peasy. Let me know what you liked about the podcast and I’ll make sure to create more content around your faves. Thank you so much!