RFM175 – Building get out clauses into your contracts

RetainFM – Build your Digital Agency on Recurring Revenue

Main talking points include:

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Most common reasons why projects go wrong:

• Scope Creep
• Misaligned Expectations
• Misaligned Budget
• Inaccurate or insufficient discovery
• Even long term retainers have a life span

The importance of thinking how to get our of something, before you get into it...

The difference between quotes and estimates...

For Projects:

• Have a specification linked to the estimate – reserve the right to change the quote if the specification changes
• Be clear where the intellectual property lies at different stages of the project
• Have a termination process from BOTH sides in your Contract / Agreement:
• If the client terminates the project
• If you terminate the project
• Have the payment schedule linked to stages YOU control
• Have a documented process for packaging up files, sending them to the client and offboarding the client from your systems

For Retainers:

• Have a termination process outlined in your Contract / Agreement
• Include a notice period – and detail from both sides
• Detail how and when final payments will be expected and what they will cover
• Have a documented process for completing work, sending data to the client and offboarding the client from your systems

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