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Here’s How to Protect Your Coaching Business fro

Monday, am I right!? 😅⁣ ⁣ Before you begin

📢 Real Talk: Business breakups can be AWKWARD 😬

When things start to go south with a service provider, it can be tempting to cut & run. 🏃‍♀️

Whether you’re not happy with their work, you don’t get along, or things just don’t seem to be *clicking*, it’s never fun to invest in someone only to find out it’s not the right fit.

You might find yourself scrambling, looking for a clause in your contract that gives you a way out.

And when you can’t find one, you panic. 😳

Remember, you are legally bound to the terms outlined in your contract — you MUST comply with them.

If you choose not to comply, you may find yourself in a breach of contract.

And friends, a breach of contract is just a slew of legal problems you do NOT wanna deal with.

We’re talking about expensive lawsuits, legal claims, credit-ruining collections attempts, legal demand letters, and more.

Eeeeek 😬

So what’s a business owner to do?

Here are 2 ways you can attempt to modify your existing contract so you save some coins on a service that you aren’t really vibing with anymore. 🙅🏽

1️⃣ 𝗗𝗼𝘄𝗻𝗴𝗿𝗮𝗱𝗲 𝗬𝗼𝘂𝗿 𝗣𝗮𝗰𝗸𝗮𝗴𝗲
Ask the service provider if you can downgrade to a smaller, similar package for the rest of your contractual agreement. This will help you save some cash while not completely breaking the contract and burning the bridge with this provider.

2️⃣ 𝗧𝗮𝗸𝗲 𝗖𝗮𝗿𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗢𝘂𝘁𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗕𝗮𝗹𝗮𝗻𝗰𝗲
Another option is to negotiate how much of the outstanding balance for the project you would be willing to pay this provider. In doing so, you would release them from any financial or legal obligations.

While not every provider will agree to this, it never hurts to ask!

(Just make sure you're not asking them to forgive a balance owed for work completed. Not okay.)

Need some help making sure you’ve got your new, modified contract under control?

Check out our mini-bundle, which includes a contract modification and release template to add onto your existing agreement — and guides you through getting all the important info down on paper so you stay Protected and Profitable™.

Link in bio for all the deets! 👩🏽‍💻🔗

✨ Here’s your daily reminder that we’re all

PSA: You DON'T have to show up on Instagram if you

⚡ Newsflash: You Have Control Over THIS ⚡ Do

Here’s your daily reminder to GET 👏🏽 IT 👏🏽 IN 👏🏽 WRITING 👏🏽

Friend, this is a basic principle in not getting screwed over in your business relationships.

Say you’re wanting to modify a contract with a service provider.

You may THINK you’ve found the perfect person for the job … and then things start to go south. 😳

This can happen for SO many different reasons.

And if you’re trying to avoid breaching a contract, you might be thinking of modifying the one you already have to suit the current situation.

Whether you’re looking to:

✨ Downgrade your current service package
✨ Settle up your existing balance and part ways
✨ Or negotiate the rest of what you owe
✨ Get your money back for services not rendered

You MUST get these changes in writing. ✍🏽

Unless there is PROOF that everyone has agreed to these new terms, you risk being on the hook for what you originally signed off on.

Without putting the new terms in writing, the other person has every right to claim that you are skimping out on the payments you owe them.

And the worst part?

You will have nothing to point to in order to prove that this is no longer true.

Which means you’ll have to pay up. 💸

🙅🏽‍♀️ Do not let this happen to you. 🙅🏽‍♀️

Need some help sealing the deal on the modifications to one of your contracts?

Take a look at our mini-bundle that offers a Contract Modification and Release Addendum.

We’ll guide you through getting all the important info down on paper and protecting your biz while you change the terms of any agreement!

Check out the link in our bio for more info! 👩🏽‍💻🔗

Know a business bestie who could use this reminder? Tag them below!👇🏽
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#CoachesAndCompany #lawyerforcoaches #contracttemplates #womenownedbusiness #womeninbusiness #solopreneur #smallbusinesstips #onlinecoursecreators #businesscoaches #coaches

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