The Importance of Contracts
When doing any kind of work, it’s important to have a contract. Sure, it may seem a bit daunting for a beginning entrepreneur to delve into legalese, but contracts don’t need to be scary. They can be as simple as a plain-language document that outlines the general business between you and the client. In the world of small business, they’re important for the following reasons:
Never feel awkward about insisting a client works with a contract. It’s a mark of professionalism and should actually inspire confidence, knowing that you take your business seriously. Any client who refuses to work with one should be treated suspiciously as that’s a serious red flag. And any small business owner who works without at least having something in writing, whether it be a formal document or just confirming emails, is destined for some serious heartache later down the road.
Original source: http://businessofillustration.com/the-importance-of-contracts/
9/28/2015 04:49:58 am
It is important to have a contract because it is a concrete evidence of the agreement that the parties had and when the situation gets dirty, since not all the time the court honors an oral agreement, it would not be hard for the law firm to hold on to something.
5/3/2018 01:01:46 am
The idea of drafting and finalizing a contract to have a definitive and physical copy of your agreement thus helping and avoiding void transactions due to no concrete agreement was signed.
Having a contract gives you protection from the client and vice-versa the client from you. It is a simple assurance that both of you agree to work this amount of job or supply this amount of stock, etc. and further provisions what would happen if the job order was not delivered successfully.
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