What is a Contract & How Does it Work?

Many business owners and entrepreneurs get confused about what a contract is, and isn’t. Imagine for a moment you’re in the KoffeeKlatch kitchen. I ask you to make me a cup of coffee. This isn’t a contract, it’s a favour. You’re not obligated to make me a cup of coffee.

Imagine that KoffeeKlatch isn’t a vibrant business community serving smart entrepreneurs, but a coffee shop. I walk in and give you £5 and ask for a coffee. If you take the money I’m now entitled to a cup of coffee.

This infographic explains simply and effectively what a contract is, and how it works.

Annabel Kaye

The perfect business contract protects more than just your boundaries. The perfect business contract protects your clients in relation to things like Copyright, IP, GDPR, scope-creep and all the other things that eat away at your profitability. Book me to speak at your event or ask about becoming an affiliate. Check out our contract shop and GDPR support today and start earning what you should in your business.

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