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Why You SHOULD Update and Change Your Contracts Often

why you need to review your contracts often


If you regularly work with clients, you're going to evolve how you work with them over time. That's why I'm sharing why it's SO important to review your contracts so they reflect these changes as well.

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So, let’s say you have a contract that works pretty well for you and your clients. It helps you clearly outline the scope, gives your official deliverables or deadlines, and highlights what happens if the client terminates or 💩 goes south.

That's all fine and dandy, but what happens when something isn’t in your contract or your process changes slightly? 

Or, you know, 2020 happens...

While nobody can anticipate things like a global pandemic, you do have to update contracts based on what’s actually happening — in your business, in the world, with your clients or projects.

That’s why our contracts are templates. Because they’re easy for you to update! We also constantly adapt our templates based on feedback… so that means you have access to a template that thousands of other business owners have vetted.

Some templates also offer access to Hold My Hand™ guides, which explain major parts of your contract in everyday terms, and to the K Club™ portal, which helps customize your template.

But what if you don’t have a template from The Contract Shop™? 

If you don’t have one of our contracts, that’s OK — you’ll just want to be vigilant about what is actually in your contracts before sending off the next one. This might sound like overkill, but I recommend reviewing your contract with every two to three clients you sign. Before you freak out, here’s why: Reviewing your contract every few clients helps you hone in and tone up your contract so they are #rocksolid.

You know just how much your work changes as you learn more about your skill set, what your client needs, and what you like/don’t like/really excel at providing. You also get more experience under your belt, and learn more about deadlines, turnaround times, client troubleshooting, and so on.

Owning your own service-based business is a learning experience — and your contract should be a reflection of what you’ve learned. 

And don't forget to snag a free coronavirus clause! Keep your contracts fresh 🍋, friends.


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