The Only Contract template you need for your Services Business

Summary

In this video, Alex Berman explains how to create a simple, effective contract for your services business. He walks through the essential components, such as the client name, services rendered, contract duration, payment terms, and signatures. Alex also shares a free contract template for viewers to customize and use. Additionally, he introduces Signaturely, a tool for quickly and legally binding e-signatures, simplifying the contract signing process. By the end, viewers learn how to efficiently close deals with clients and get contracts signed using modern digital tools.

Takeaways

• 😀 Contracts are essential for any services business to ensure all terms and agreements are clear and legally binding.
• 😀 A simple one-page contract can be effective when starting out in a services business, containing key sections like services rendered, payment, and duration.
• 😀 It's important to include specific details like weekly breakdowns of tasks to ensure both parties know what to expect.
• 😀 Verified electronic signatures are preferred over simple PDF or fax signatures for added legality and security.
• 😀 A basic contract template can be customized easily to suit your needs, and you can download one for free from the video.
• 😀 The contract should include a clear summary, detailed services rendered, contract duration, payment structure, and signature fields.
• 😀 Tools like Signaturely can streamline the contract signing process, allowing for real-time signature collection online.
• 😀 Signaturely allows you to create and customize signature fields, initials, and even upload an image of your signature.
• 😀 Contracts should be clear, concise, and easy for clients to review and sign, reducing back-and-forth confusion.
• 😀 Once a contract is signed using tools like Signaturely, it becomes legally binding, and you can easily store or print the signed document.
• 😀 The video emphasizes the importance of making contracts accessible, offering a free contract template and tools to make the process more efficient.

Q & A

Why is having a written contract important for a services business?

A written contract is important because it ensures that both parties clearly understand the terms of the agreement, reducing the risk of misunderstandings or disputes. It outlines services, payment terms, contract duration, and expectations, making it a legally binding document.

What are the key components that should be included in a services business contract?

The key components of a services business contract include: 1) Client name, 2) Services rendered with a breakdown of tasks, 3) Payment terms (amount and frequency), 4) Contract duration, and 5) Signature sections to make the contract legally binding.

How should services be described in a contract?

Services should be described in detail, breaking down the tasks and deliverables by week or milestone. For example, the first week could include data collection and analysis, while the second week might involve vendor reviews and recommendations.

What is the advantage of using Signaturely for contract signing?

Signaturely allows for fast and secure electronic signing of contracts. It ensures that signatures are legally binding, provides real-time document tracking, and eliminates the need for physical paperwork, saving time and effort for both parties.

Can you customize a contract template for different clients?

Yes, the contract template can be customized for each client. You can fill in specific details like the client's name, services offered, payment terms, and contract duration before sending it out for signature.

Is this contract template legally binding?

The template itself is not a substitute for legal advice, but it is a simple and effective tool to ensure that basic terms are clearly written down. It becomes legally binding when both parties sign the contract, particularly through a service like Signaturely.

How does Signaturely handle the signing process?

Signaturely allows users to upload a PDF contract, add signature fields for each signer, and then send the document for signing. Signers can either type their name as a signature or draw their own signature. Once signed, the document is automatically finalized and stored.

What happens after both parties sign the contract using Signaturely?

After both parties sign the contract via Signaturely, the document is finalized and a legally binding signed copy is generated. The contract can be downloaded, printed, or stored digitally for records.

What is the process to download and send a contract for signing using Signaturely?

First, customize the contract with your client's details, then download it as a PDF. Upload the contract to Signaturely, add signers, and assign signature fields. You can then send the document for review and signing. Once signed, the contract can be downloaded and saved.

How can I access the free contract template mentioned in the video?

The free contract template can be accessed by clicking the link provided in the video description. After clicking the link, you can download the template and customize it for your business needs.