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Renewal of lease agreement template – If you are a creative individual who wants to convert your”creative juices” in an earning mechanism then you should educate yourself by understanding the ins and outs of having a business contract. These days, having verbal arrangements when engaging into business clients is no longer functioning as it most 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 that includes your deliverables as well as the project timeline.
Secondly, a contract outlines every detail associated with money. Payment disputes are a common issue that creatives often face. Aside from detailing just how much you should get for your services, the contract must answer a few key questions, including: if you are going to get upfront payment; once 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 determine who gets the ownership of the deliverables. For some kinds of work, the ownership 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 work. As the service provider, you can choose between two options: assign or give ownership to the customer, or grant a license to the client as you retain ownership of the final product.
Contracts can also function 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 originally agreed upon concept and it is crucial for builders to spell out the terms of what counts as extra work and additional charges for the client. Drafting a contract could be confusing – intimidating, even – for a good deal of people. If you don’t have time or money to attend 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 related to your project. The important thing is that you have an invaluable tool that clearly provides the essentials of your arrangement with a client. Check it out the sample of renewal of lease agreement template at the attachment page.