The Importance of Having a Contract....

When I began planning events back in 2006, I did not use a contract with my clients right away. We pretty much went off of a verbal agreement.  As time went on and the more I learned about planning events and dealing with people who tried and in some cases succeeded in taking advantage of me I began to use contracts.  Now today, I don't begin the planning of any event, without first having a signed contract in hand.

The definition of a "Contract" is an agreement with specific terms between two or more persons, in which there is a promise to do something in return for a valuable benefit known as "Consideration".

I believe that contracts should be used in any situation where as two people want to benefit from what the other has.  Contracts should include specific information about what the job is of the two people.  Contracts should then include signatures from all parties.  If there is every a change to the original contract both parties should know about the change and apply their initials or signatures again.  Contracts are binding agreements and one can be taking to court if they don't follow through on their end.

Events...By Stephanie
http://www.eventsbystephanie.vpweb.com/

Comments

  1. Contracts protects all parties and defines the scope of activities. Contracts and business go hand in hand.

    ReplyDelete
  2. So True!!! You Can't have one without the other.

    ReplyDelete

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