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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.

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This Post Has 2 Comments

  1. Hello, I live in France and have been operating as a VA for a few years now. My 2 major clients have now stopped operating their businesses so my services are surplus to requirement. I would like to operate but do not anything about GDPR and would also like some help with basic contracts. Up until now, I have written my own and the way I have operated has been pretty informal. Is this something you can help with? Thanks kindly

    Jo Tone

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