This video addresses three different ways that you can get a contract signed digitally.
These include the following:
(1) Sign on paper and scan (or take a picture)
(2) Use an e-signature program
(3) Use a checkbox to get someone to agree to terms
It is important for your business to create processes that work for you and your clients.
In this video, I talk about the three main types of business contracts to have in your business:
1. Client Contracts
2. Hiring Contracts
3. Rental Contracts
If you have any questions about this topic, you can reach me at [email protected]
This time of year teachers, coaches and parents are all busy laying down a new set of “ground rules” for the year.
According to Wikipedia, the original of the term “ground rules” comes from baseball. Different ballparks have different rules in addition to the more standard ones. At Wrigley Field in Chicago, for instance, if the ball is hit to the outfield and gets stuck in the ivy on the outfield fence, it is a ground rule double.
For your business, a contract is a great way to set ground rules with your clients. This works particularly well at the beginning of the relationship or at the beginning of a new piece of work. Below are some topics that are frequent areas of concern:
You may have a client or two who are not prompt in paying their invoices with you. This is an issue for the cash flow and financial stability of the business.
Here are some tips for collecting accounts receivable now outstanding, and improving the situation in the future:
Check the Contract
Are the fees due clear in your client contract? What about payment terms? Have you provided that interest will be charge on overdue accounts? Should you require a deposit, interim payments at certain milestones, or a credit check?
It is best to have an established practice for following up with clients regarding their overdue account. The invoice may have been forgotten, misplaced or sent to an old address. A follow up phone call may be uncomfortable but is a good way to find out if the client is having cash flow problems or has some other reason why they haven’t paid.
A lawyer can send your client a scary letter indicating why the debt is owed and when it...