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RFM175 – Building get out clauses into your contracts
Manage episode 377924975 series 2130323
Main talking points include:
Prefer to watch this show? Subscribe to the YouTube Channel!
Most common reasons why projects go wrong:
- Scope Creep
- Misaligned Expectations
- Misaligned Budget
- Inaccurate or insufficient discovery
- Even long term retainers have a life span
The importance of thinking how to get our of something, before you get into it...
The difference between quotes and estimates...
For Projects:
- Have a specification linked to the estimate – reserve the right to change the quote if the specification changes
- Be clear where the intellectual property lies at different stages of the project
- Have a termination process from BOTH sides in your Contract / Agreement:
- If the client terminates the project
- If you terminate the project
- Have the payment schedule linked to stages YOU control
- Have a documented process for packaging up files, sending them to the client and offboarding the client from your systems
For Retainers:
- Have a termination process outlined in your Contract / Agreement
- Include a notice period – and detail from both sides
- Detail how and when final payments will be expected and what they will cover
- Have a documented process for completing work, sending data to the client and offboarding the client from your systems
Join the Facebook Group
176 tập
Manage episode 377924975 series 2130323
Main talking points include:
Prefer to watch this show? Subscribe to the YouTube Channel!
Most common reasons why projects go wrong:
- Scope Creep
- Misaligned Expectations
- Misaligned Budget
- Inaccurate or insufficient discovery
- Even long term retainers have a life span
The importance of thinking how to get our of something, before you get into it...
The difference between quotes and estimates...
For Projects:
- Have a specification linked to the estimate – reserve the right to change the quote if the specification changes
- Be clear where the intellectual property lies at different stages of the project
- Have a termination process from BOTH sides in your Contract / Agreement:
- If the client terminates the project
- If you terminate the project
- Have the payment schedule linked to stages YOU control
- Have a documented process for packaging up files, sending them to the client and offboarding the client from your systems
For Retainers:
- Have a termination process outlined in your Contract / Agreement
- Include a notice period – and detail from both sides
- Detail how and when final payments will be expected and what they will cover
- Have a documented process for completing work, sending data to the client and offboarding the client from your systems
Join the Facebook Group
176 tập
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