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Legal compliance register template – If you’re a creative individual who wants to convert your”creative juices” into an earning mechanism then you should educate yourself by understanding the ins and outs of having a business contract. Nowadays, having verbal arrangements 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 a variety of ways. For starters, a written contract can help define the scope of work which includes your deliverables in addition to the project timeline.
Secondly, a contract outlines every detail associated with money. Payment disputes are a common issue that creatives often confront. Aside from detailing just how much you should get for your services, the contract must answer a few key questions, including: if you’re likely to get upfront payment; when you will receive payments; what happens when the project falls through, and whether there’ll be late fees and reimbursements for expenses.
A written contract will also determine 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 articles, the customer and the service provider should come into an agreement as to who eventually owns the job. As the service provider, you can choose between two options: assign or give ownership to the client, or grant a license to the client while 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. From time to time, clients will request changes to the initially agreed upon concept and it is critical for builders to spell out the conditions of what counts as additional work and additional fees for your client. Drafting a contract could be confusing – intimidating, even – for a lot of people. If you don’t have time or money to go to an attorney for contract drafting tips, your next best alternative is to use a business contract template. Using a business agreement template, you can just add the relevant details related to your project. The main thing is that you have an invaluable tool that clearly provides the essentials of your arrangement with a customer. Check it out the sample of legal compliance register template at the attachment page.