Shop confidently - 14-day no-hassle return policy

The 5 Fs: When You Need a Contract

The five F's you need a contract for

Here at The Contract Shop®, it shouldn’t come across as a shock that we usually recommend having contracts. Contracts, after all, are a useful tool to protect different working and even personal relationships. But when do you need a contract? There’s an F word for that…

The 5 Fs

There are generally five situations in which you’ll want a contract:

  1. Financial - Is there any kind of money at stake? This kind of contract defines what kind of money is involved, who is paying, and how/when.
  2. Familial/Friendly - Will you be upset if stuff goes south? This kind of contract protects feelings/relationships by clearly stating what's expected.
  3. ‘Ferrals - Are people referring you through affiliates or other programs? This helps protect you and also makes it clear who they can refer you out to, when, how, etc.
  4. Fabulous - Do you want to have a profesh AF working relationship? This kind of contract makes it a really clear, professional working relationship.
  5. Fiesty/Fiends - Worried things could go south? Worried someone will be a difficult client or steal your stuff? This kind of contract will protect your intellectual property and make it easier for you to end a sticky sitch.

We dig deeper into the 5 Fs in this video — and help you identify when you’ll want a contract to CYA. 

Not sure what kind of contract you need to cover one of the 5 Fs?

Of course, once you decide it’s time to actually get a contract, the next question is: What kind of contract?? Don’t sweat it. We have a quiz that can help you identify the contract you need — and then you can shop our contract templates to find the perfect match!

Leave a comment

Comments will be approved before showing up.

Also in The Blog

How to Name a Business in 6 Steps
How to Name a Business in 6 Steps

Avoid this fake check scam
Avoid this Fake Check Scam (2024)

Should You Create a Group Coaching Program?
Should You Create a Group Coaching Program?