![]() ![]() Moreover, the process of drafting this good contract also forces the parties to discuss the terms of their relationship – think of it as pre-marital counseling for business. It also forces the parties to discuss the terms of their dissolution or what happens when the relationship comes to an end. Business is not personal in this regards, and contracts allow parties to hash out in neutral territory what they are and are not willing to do or tolerate as part of the benefit they are receiving from the arrangement. A good contract will let you sleep at night (and party all day)Ĭontracts usually get a bad rap from everyone except lawyers. Most people assume that lawyers love contracts so much because they are a source of revenue. The real reason lawyers love contracts is because, when done right, they can save clients a lot of time, pain, and money down the road. When done wrong, you might as well start banking away money for the inevitable litigation that will eventually pop up.Ī good contract essentially sets forth the rules that the two parties are going to follow for the course of their relationship. ![]() It may not smell nice like flowers or taste good, but it will save your bacon and pay for itself over and over. Yet, without it, the entire event you are planning could easily deflate faster than the individual souffles. The one thing an event planner cannot go into business without is a contract. Flowers, band, caterer… contract? One of these is not like the others. ![]()
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