There are three situations in which you need a contract for your business.If any of them apply to you, then yes, it's time for a legal contract.
Situation 1:You are running a business and want your clients to treat you like a business owner.Contracts are not used to intimidate clients or create an extra hurdle in your business process. Contracts are used as a tool to both protect your business and build trust with your clients. Lawyer written contracts provide all the necessary information to create a legal agreement between your business and customers.
Situation 2:You need to get paid for your services.If any exchange of goods and services results in a bill, you need a contract. If you’re providing services or products for free or as a gift, then a contract wouldn’t be necessary. If you’re trading services, we’d still recommend a contract to protect both parties and to ensure that everyone “pays up.”
Situation 3:You need to cover your butt.What's more expensive than a contract template? A business lawsuit. Even if it's only in small claims court — or has no merit — you still have to deal with it. In other words: a legal battle will still cost you hundreds of dollars at best. Each of our templates are created to minimize the risks to you and your business and reduce the amount of money you could be on the hook for if a client decides to file a business lawsuit. Using a legal template to make and implement your contracts is a much cheaper option and will help protect your business.