Custom Service Contract or Contract Template: Which is Right? | Ep. 08

Want to start protecting your online business, but don’t know which way to go? In this video, Yasmine breaks down the difference between a custom service contract and a contract template. Investing in a lawyer-created contract template can be a smart and cost-saving decision for your business. Using a template designed for businesses similar to yours can provide comprehensive protection without expensive lawyer fees, which is something all entrepreneurs should aim for in the early stages of business!Customizing the template based on instructions and then having it reviewed by a local attorney ensures compliance with local laws and addresses specific legal issues. Additionally, a one-time consultation with a local business attorney can help spot potential legal issues and provide peace of mind for your business.Key Takeaways:Contracts are crucial to have in your business as they can provide a much-needed layer of protectionCustomer service agreements and contract templates are both lawyer-createdInvesting in a lawyer-created contract template can save costs compared to hiring a lawyer for custom contracts.Customize the template based on instructions and have it reviewed by a local attorney to ensure compliance with local laws.A one-time consultation with a local business attorney can help spot potential legal issues and provide peace of mind for your business.EPISODE TIMESTAMPS:00:00 Introduction 00:25 Contract Templates vs. Custom Contracts00:37 Service Agreements01:37 Why contracts are secure01:52 Service Agreements may not be the best fit02:11 What’s the best approach?03:03 Consulting an attorney03:53 Outro⭐️ FREE GUIDE: Download your copy of our Legally Launch Guide & Legal Check-up Checklist!👩‍💻 Could your contracts use a legal upgrade? SHOP lawyer-created contracts for your business at Coachesandcompany.com🤝 Looking for more networking opportunities & business referrals? JOIN our private business referral network for B2B professionals & agencies!Be featured on the show!ASK your own question via #AskYazSHARE your silly (or awkward) business story on Business Bloopers, a segment featuring amusing, unexpected, and sometimes painful client & business situations!📲 Hang out with us on Instagram, Twitter (X) & Threads!Disclaimer (because, duh): The information presented in this podcast and on any affiliated platforms are for educational, informational, and entertainment purposes only. Consuming this content does not create an attorney-client relationship. If you need legal advice pertaining to your particular situation, you should consult directly one-on-one with an attorney. Hosted on Acast. See acast.com/privacy for more information.