I was robbed of $12,000 of my hard-earned money (and how you can avoid the same fate)

Sep 04, 2024 3:09 pm

Hey there,


Div here, and I've got a story that'll make your jaw drop.


Last year, I was robbed of $12,000 of my hard-earned money from one of my oldest and closest clients. Why? All because there were some holes in my agreement. Was I in the wrong? Yes, because of a poor contract.


Let that sink in for a moment. $12,000. Gone. Just like that. 💸


But here's the thing - I'm not sharing this to make you feel sorry for me. I'm sharing this because I don't want you to make the same mistake. 


So, what went wrong?

1. Vague deliverables: My contract didn't clearly define what "success" looked like.

2. No kill fee: When the client suddenly wanted to stop, I was left high and dry.

3. Weak payment terms: No clear dates or penalties for late payments.


But guess what? I turned this massive L into a W. I've crafted a bulletproof agreement that'll make sure you never face what I did.


Key clauses in the new agreement:

1. Crystal clear deliverables: Spelled out exactly what you're providing.

2. Kill fee: Protects you if the client bails mid-project.

3. Ironclad payment terms: Specific dates and late fees.

4. Intellectual property rights: Ensures your work is protected.

5. Confidentiality: Keeps your client's info safe (and your reputation intact).


Tools and Resources:

1. My Bulletproof Agreement Template

2. Uplead: A great collaborative e-signature tool

3. PandaDoc: Great for creating and managing contracts

4. DocuSign: For easy, legally-binding e-signatures


Don't let what happened to me happen to you. Grab my agreement template and protect your hard work and your income.


Want to dive deeper into growing your freelance business?


Book your call HERE


Let's make sure you're never left holding the bag.


Stay smart and protected,

Div






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