Gift Yourself and Your Coaching Business Templates this Holiday Season!

 I know it’s not a fun or flashy investment. Still, solid coaching contracts are essential to your coaching business — whether you’ve been coaching for a while or are just starting your business.

So how is a template Contract a gift? Let me explain!

At some point, in any decent training or workshop, the topic of client agreements or contracts comes up. Maybe it is mentioned in passing or elaborated on. But rarely does the workshop host or trainer tell you where to get an agreement, other than “hire an attorney.”

You might have a tight budget and aren’t sure if you can afford a lawyer, or maybe you don’t know what kind of attorney to call. So, you do what every business owner does — go online: into Facebook groups or searching on Google. Or you ask fellow coaches and colleagues if you could use their agreement. Or you find a free sample template online.

What a gift! You got what you needed at no cost!

Well, not so fast. Just because it’s free doesn’t make it a gift. Because that free agreement or template may actually cost you quite a bit of money in the long run.

That1:1 business coaching contract that your friend gave you that you will try to shoe-horn into your group health coaching practice — where did she get it? Was it a customized agreement explicitly drafted for her, or did she get it from a friend who got it from a colleague who found it free online eight years ago? That sounds less like a gift and more like a game of “telephone.”

Maybe you didn’t even think to ask where the agreement originated, and you just trusted your friend and put it into use.

Does that agreement even reflect how you run your practice or the type of coaching you do? Perhaps you made a few edits or left it as is. If you’re lucky, you have it in place and never, ever need to test it because you never end up in a dispute with a client.

But one day, what happens if you do end up in a dispute with your client, and despite efforts to amicably resolve it, you end up in court? Come to find out that the free coaching contract is filled with conflicting and invalid clauses, and the judge says it’s wholly unenforceable. And just like that, you lose your case.

As a result, you’ve lost time spent in on the dispute and in court, money spent on legal fees and revenue that you can’t recover or worse have to refund to the client. That “gift” of a free coaching agreement might have just cost you months of your time and over $10,000!

An easy, budget-friendly way to avoid that is to give your business the gift of DIY, customizable legal templates.

Clear contracts are the gift of understanding: you and the client both know the boundaries

and expectations of the relationship and have a concise document to refer to in times of questions or confusion.

Customizable contracts are the gift of precision: terms reflect YOUR policies and procedures, your deliverables, your pricing, and payment methods.

Well-crafted agreements are the gift of time — they can help you avoid lengthy disputes and litigation.

And can’t we all use the gift of time and money?

Source : https://theknowlegaldigital.medium.com/gift-yourself-and-your-coaching-business-templates-this-holiday-season-417726970303

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