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Custom Service Contracts Vs. Contract Templates

While hiring a lawyer to create a custom contract for you may seem like the best option when you’re looking for a client agreement or terms & conditions for your website or digital offer, it’s important to note that not all lawyers are familiar with the intricacies of your business model, the nature of the transaction, or the client relationship you’re forming.

Using a lawyer-created contract template, designed for businesses similar to yours, can often provide a more comprehensive and cost-effective solution.

Today, we’re talking about contract templates versus custom contracts, specifically, why investing in a lawyer-created contract template can benefit your business.

Service Agreements

Service agreements, also known as client agreements, are essential for outlining the terms of your services. They protect your business and intellectual property and set clear expectations with your clients so it can be smooth sailing throughout your work together.

While it’s possible to wing it and create these contracts yourself, using a lawyer-created and industry-specific template can provide you with added protection and peace of mind – without the expensive lawyer’s fees.

Our templates at Coaches & Company are designed to be tailored to the nature of your services. Including the transaction itself, any intellectual property considerations, and the client relationship as a whole.

Ideally, wherever you get your contracts from, they’re created by a legal professional who understands the ins and outs of doing business, selling products, and services digitally online. Which can help ensure that your contract is comprehensive and legally sound.

Sometimes hiring a lawyer or law firm to create these contracts for your business can sound like a good idea… But many times it ends up being an expensive project.

This can lead to generic contracts that don’t appropriately cover all of the different areas you need to cover due to the unique nature of your business model.

So what’s the best approach here?

My ultimate recommendation is to purchase a lawyer-created contract template that is designed specifically for businesses similar to yours. Customize it based on the instructions, then schedule a paid consultation to have it reviewed by an attorney in your local jurisdiction.

This can help ensure that the contract complies with the local laws applicable to your business and addresses any specific legal issues that may arise related to your physical location.

This approach enables you to cut your costs in terms of money invested – easily under $1000 total as opposed to $3000+ hiring a law firm for personalized services.

Summary

In general, aside from the contract review, a one-time consultation with a local business attorney can be a valuable investment for your business.

These kinds of lawyers can help you spot potential legal issues, plug any legal holes, and help provide you with peace of mind knowing that your business is protected.

Remember, investing in a lawyer-created contract template can be a smart, cost-saving, and game-changing decision for your business.

Check out Coachesandcompany.com if you’re currently in the market for lawyer-created contract templates designed for online businesses, without the hefty legal fees.

Episode Timestamps:

00:00 Introduction

00:25 Contract Templates vs. Custom Contracts

00:37 Service Agreements

00:58 Using Contract Templates

01:37 Why contracts are secure

01:52 Service Agreements may not be the best fit

02:11 What’s the best approach?

03:03 Consulting an attorney

03:53 Outro

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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.

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*The information presented in this blog post is for educational & informational purposes only. This should not be a substitute for customized legal advice from a licensed professional in a private setting. If you need legal advice, please consult with an attorney. This is not a law firm.

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