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041: How to Handle Contract Revisions
At least two sides exist for every contract: the party who issues the contract and the party who reviews and signs it. In an ideal contract situation, each side mutually benefits and feels protected by all the terms contained within it.
This isn’t always the case, though. Sometimes, the signer will see something that doesn’t reflect what they thought was agreed upon. Or a topic mentioned within the contract never came up in the initial discussion.
That’s where contract revisions come in. In this episode, I talk about how to handle revision requests from both sides of the agreement. I offer tips for each side and discuss some of the most commonly revised terms in contracts.
Please subscribe if you haven’t already. And if you like the show, I’d love it if you’d give it a review wherever you listen to podcasts!
In this episode:
[02:37] - How should the signer handle revisions of a contract? Step one is fairly simple.
[03:26] - Danielle reveals the next step of the revision process for signers.
[04:27] - What if you run into a worst-case scenario? Here’s what to consider if the agreement doesn’t go as planned.
[05:43] - Danielle gives her recommendation for how to send revisions to the issuer.
[06:22] - Don’t make the mistake of this assumption after you’ve sent a revised contract.
[06:58] - Danielle takes a look at handling revisions from the issuer side.
[08:02] - You have three options for how to respond to clients requesting contract changes.
[08:44] - Most revision negotiations go smoothly. But keep this tip in mind if you reach an impasse and can’t agree on how to proceed.
[09:31] - Danielle covers some of the most commonly revisable terms in a contract by the signer.
[12:02] - This particular revisable term can be a hot button issue. What did Danielle do when she didn’t agree with a client over ownership of services?
[15:42] - Danielle quickly summarizes the steps and reveals actions you should take next.
Links & Resources:
Episode 13: “Content Ownership in Contracts”
Episode 30: “Copyrights 101”
Businessese
Liss Legal
View all episodes
By Danielle Liss
5
77 ratings
At least two sides exist for every contract: the party who issues the contract and the party who reviews and signs it. In an ideal contract situation, each side mutually benefits and feels protected by all the terms contained within it.
This isn’t always the case, though. Sometimes, the signer will see something that doesn’t reflect what they thought was agreed upon. Or a topic mentioned within the contract never came up in the initial discussion.
That’s where contract revisions come in. In this episode, I talk about how to handle revision requests from both sides of the agreement. I offer tips for each side and discuss some of the most commonly revised terms in contracts.
Please subscribe if you haven’t already. And if you like the show, I’d love it if you’d give it a review wherever you listen to podcasts!
In this episode:
[02:37] - How should the signer handle revisions of a contract? Step one is fairly simple.
[03:26] - Danielle reveals the next step of the revision process for signers.
[04:27] - What if you run into a worst-case scenario? Here’s what to consider if the agreement doesn’t go as planned.
[05:43] - Danielle gives her recommendation for how to send revisions to the issuer.
[06:22] - Don’t make the mistake of this assumption after you’ve sent a revised contract.
[06:58] - Danielle takes a look at handling revisions from the issuer side.
[08:02] - You have three options for how to respond to clients requesting contract changes.
[08:44] - Most revision negotiations go smoothly. But keep this tip in mind if you reach an impasse and can’t agree on how to proceed.
[09:31] - Danielle covers some of the most commonly revisable terms in a contract by the signer.
[12:02] - This particular revisable term can be a hot button issue. What did Danielle do when she didn’t agree with a client over ownership of services?
[15:42] - Danielle quickly summarizes the steps and reveals actions you should take next.
Links & Resources:
Episode 13: “Content Ownership in Contracts”
Episode 30: “Copyrights 101”
Businessese
Liss Legal