Basic Agreement Template

 

Basic Agreement Template

Basic Agreement Template
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Basic Agreement Template

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Basic Agreement TemplateBasic Agreement Template

Bonsai has helped people create over 151,954 agreement templates and counting

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from late payments & scope creep

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Bonsai handles the back office

Trust is a necessary component of any business transaction. Years ago, a gentleman's shake on it was usually enough to assure the other party that you will carry out your side of the bargain. In this age, a handshake does not cut it. Your clients need more assurances that you will do your job. It is for this cause that contracts have become the order of the day in businesses today.

As a freelancer, you might be thinking that you do not have the time or money to draw up a contract or even hire a lawyer to do so for you. Well, you don’t need either of the two to protect yourself and your clients. All you need is a basic agreement template. You can use this template to get a basic agreement in place for your transactions. 


What is a Basic Agreement Template?


A basic agreement template is an outline of the details of the transaction taking place between two parties. A basic agreement shows the understanding between you and your client regarding a particular contract. While an agreement might not be admissible in a law court as a contract, it can help you prevent the misunderstandings that lead to lawsuits. You understand that less conflict means more time and money saved.

A basic agreement template makes it easier for you to have this document ready within a few hours or less. You also get better at creating an agreement as you do it more. However, you have to ensure that you use a template with all the required elements of a standard agreement. It should include a description of the work you will do and how you will get paid.  

The document should also include the time of the job completion, how you can terminate the agreement, and what to do if certain obligations are not met. Once you have the necessities down, you can change the variables with every new client you have. You might think that you only take a few gigs here and there, and therefore, you don’t need an agreement. You will be wrong. There are several reasons why you need an agreement.


Why Do You Need a Basic Agreement Template?

A basic agreement template can save you from a world of trouble. The best thing about it is that you can easily customize one for your freelancing. More than the safety from unnecessary conflicts, here are some more benefits that you can enjoy when you have a basic agreement; 

  • Secure Payments

One of the biggest problems that the average freelancer faces is late payments or even worse, the no shows. You can save yourself this world of trouble by having a basic agreement template handy. Once you and your client have signed on the agreement, you can be almost 90% sure that your payment will come in time. You should note that agreements are not a guarantee for payment, though. You will have to send your client an invoice and ensure that the payment method is convenient. 

  • Mutual Expectations

An agreement in writing ensures that there is no case of, ‘he said,’ ‘she said.’ Your client knows what he can expect from you, and you also know when to expect your payment for services rendered. It ensures that each parties’ expectations and protects both of you when they are not met.

  • Closing or Terminating the Transaction

Everything that has a beginning has an end. No matter how long your transaction lasts, you or your client will have to end it one day. An agreement can help you close or terminate the business transaction on amicable terms. This advantage makes it possible for you to retain your clients longer, even as a freelancer. 


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