Creating a legal strategy is very similar to creating a business plan. You’re just putting an emphasis on fitting legal into your overall business strategy. Even so, you need to have a strategy for different aspects of legal too, depending on your needs and the type of business you have.

In this episode, I take a look at a particular legal sub-strategy: developing your contract strategy. While the idea of having this kind of strategy may seem advanced, it really isn’t. I discuss what it is and who needs one, the areas for consideration of what to include in one, and how a contract strategy affects your business.

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:

[01:29] - Danielle quickly recaps episode seven: the steps you need to follow when creating a legal strategy for your business.

[03:26] - Before diving into what a contract strategy is, Danielle discusses who needs one for their business.

[03:52] - What’s a contract strategy? It’s fairly straightforward, and Danielle explains what it should cover.

[04:38] - Here’s what to consider when it comes to the types of agreements you enter, for now and in the future.

[05:52] - Consider the tone of the agreement as well. Do you need something formal or with plain language?

[07:44] - What provisions do you insist on having in your contracts? And conversely, what types of provisions are off-limits for you?

[09:01] - When deciding on your contract provisions, take this important aspect of your business into consideration as well.

[09:50] - How will you handle the actual contract creation process?

[10:47] - Involving an attorney may depend on your comfort level and capacity as a business owner to deal with contract creation.

[12:46] - What tools will you use to implement and manage your contract strategy?

[13:48] - Danielle briefly talks about how having a contract strategy in place can impact your business.

[15:00] - What happens if a client resists following your contract strategy? You can build potential responses to resistance into the process.

[16:17] - Danielle ends the episode with action steps you can take today.

 

Links & Resources:

Episode 7: “Why You Need a Legal Strategy”

HelloSign

Dubsado

Businessese

Liss Legal