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Extended warranty agreement template – If you are a creative individual who wishes to convert your”creative juices” in an earning mechanism then you need to educate yourself by knowing the intricacies of having a business contract. These days, having verbal agreements when engaging into business customers is no longer working as it often results to disagreements and torn relationships. Why do you need a contract in the first place? A written contract can protect you in various ways. For starters, a written contract can help define the scope of work which includes your deliverables as well as the project timeline.
Second, a contract outlines every detail associated with money. Payment disputes are a common issue that creatives often face. Apart from detailing just how much you should get for your services, the contract must answer a few important questions, including: whether you are going to receive upfront payment; when you will receive payments; what happens when the project falls through, and if there will be late charges and reimbursements for expenses.
A written contract will also decide who gets the ownership of the deliverables. For some types of work, the possession is clear cut. But for some works like logos or written posts, the client and the service provider should come into an agreement as to who eventually owns the work. As the service provider, you may choose between two options: assign or give ownership to the client, or grant a permit to the customer as you retain ownership of the final product.
Contracts can also serve as a clear guide for both parties when it comes to effecting changes to a project. Sometimes, customers will request changes to the initially agreed upon concept and it’s critical for contractors to spell out the conditions of what counts as extra work and additional fees for the customer. Drafting a contract can be confusing – intimidating, even – for a lot of people. If you do not have time or money to go to an attorney for contract drafting tips, your next best option is to use a business contract template. Using a business agreement template, you can just add the relevant details associated with your project. The main thing is that you have an invaluable tool that clearly provides the essentials of your arrangement with a customer. Have a look the sample of extended warranty agreement template at the attachment page.