Basic contracts are very easy to do and are so important to the business. This paperwork can be used to prove business activities when it comes to the accountant, taxes and write-offs.
Contracts are especially important if you are working with a partner - in this case you need to have a signed, written agreement as to who will take on specific responsibilities listing job duties and expectations clearly.
Contracts are especially important if you are working with a partner - in this case you need to have a signed, written agreement as to who will take on specific responsibilities listing job duties and expectations clearly.
Contracts will also explain how the relationship, or the business, will be dissolved should the partnership go haywire. In this situation, the paperwork acts like a prenuptial agreement... protecting everyone involved.
Writers deal with contracts on a regular basis. If a free-lance writer sells an article, a contract is signed stipulating the duration of time that publication retains publishing rights (usually 3 months after publication) and it will detail both how and when the writer will be paid.
If the writer is donating to a fundraiser or offering their book as a door prize, a signed piece of paper acts like a receipt and you can claim those donated books, products or gift certificates on your taxes. *At the very least, print the email communication so that you have that paper trail.
If you are dealing with retail outlets that have agreed to stock your product, a contract is essential. Each retail outlet will require a specific discount and may require that the contract be amended in some way.
Here is a sample of the contract we use for retailers selling our books:
This agreement is between the authors of "From One Small Garden" (Dave Brummet & Lillian Brummet) & ____________________________________ - as represented by (___________________________________________) for any transactions of monies & restocking of book supply.
We (the authors) will provide copies of "From One Small Garden - Over 300 Delicious Nutritious Recipes" for the purpose of stocking on your shelves.
We agree to start off by supplying ________ copies of the book & we will restock your store's supply of books upon request; payment upon delivery. We can provide (if required) any promotional materials such as: flyers & window signs.
We will drive interested local consumers your way whenever possible including announcements on our blogs & social networking sites, local promotional activities & events.
The paperbook format of "From One Small Garden" is to be sold at a retail price of (Canadian) $25.00; the hardcover retails for $37.50. The retailer agrees to purchase the books at ___________________ (a _____% discount).
This retail store is to be responsible for any books in their possession in the event of damage, loss or theft.
We guarantee that we will purchase any unsold stock that is in good condition at the same price as the retailer originally paid.
By signing below we agree to the terms and conditions stated above in this document.
The Authors:
Dave Brummet - _______________________________________
Lillian Brummet - __________________________________________
The Representative (s):
______________________________
~~~
Dave & Lillian Brummet
http://BrummetMedia.ca
https://taplink.cc/brummet
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