Joy of Adulthood
A Crash Course in Designing the Life You Want

Friday, November 18, 2005

 

Terms for Canceling Contract

Every contract needs special stipulations for withdrawing from your promise to fulfill some action or result within a particular period of time. Some would be appropriate to every contract and some specific to the situation and/or the client/customer.

1. Note every promise you and the client have listed in your contract and identify the breakdowns that could interfere or negate your ability to produce the results according to the terms of the agreement. Those potential interferences may be important to include as part of your contract.

2. What happens if:
- nature interrupts the action?
- the supplies required for the project are unavailable in a timely manner?
- the client/customer is not keeping agreements?
- you discover that your values significantly conflict with the client/customer's?

3. Identify the financial costs for breaking the agreements.

4. Both you and the client/customer sign and date the agreement initialing any changes within the contract.

5. It is always appropriate to have an attorney review your contract to make sure it covers your work and service. The more money and resources involved in the project, the more important the signed contract that specifies both your role and the client’s.

Many people think that contracts will confuse or frighten potential clients. When the client sees that the contract binds you both with promises and consequences if not fulfilled, they may instead, perceive you as reputable and conscious about your work.

Elements to a successful contract:
A Promise (+) to Act and produce Results (+) within a particular Time (+) Payment terms (+) Reasons for cancellation


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