The Contract Masterclass – Where to begin
A new blog from Beyond Corporate Law which everyone should read.
Great news: You’ve just agreed a deal! You can’t wait to crack on with the work but wait… how much work do you need to do? When do you get paid? Who takes responsibility if something goes wrong? Have you protected all your creative input? How can you exit if this turns sour? Here, James Corlett starts his contract masterclass blog series which follows the journey of ‘Bob’ the contracts manager!
More often than not, these points (and other important points too long to list here!) form part of the contract between the parties. You may be surprised to learn that many businesses (both new and established and even large businesses have no written terms in place for key contracts, blindly agree to counterparty terms or use formats that are outdated or have limited bearing upon the actual deal being agreed.