Chris Do & Jose Caballer discuss the in’s & out’s of contracts.
Annotations
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2:29 What a Master Services Agreement contains
3:22 An ‘Indemnification Clause’ is important for liability protection
4:42 Defining the payment schedule terms
7:27 The discovery phase helps you to determine the real scope of work.
10:59 Standard Statement of Work – Detailed Deliverables
14:30 Q: If you have a repeat client, do you need to continue to use the same contract?
15:41 Q: What are the pitfalls of not having a contract
24:43 If you signed a fixed fee/time contract, then you are screwed.
25:43 Counterpoint: Figure out what the value is to the company
27:25 Q: What’s the process of amending a contract (change order)
29:48 Q: What if the contract’s signed but the client doesn’t pay?
32:26 Example Creative services agreement
35:20 A simplified one-page statement of work
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