Frequently Asked Questions
Although verbal agreements are enforceable, service agreements should ideally be in writing.
You have the chance to specify demands on both sides of the agreement by writing a contract. Contracts specify the parameters of the work, the cost of the project, the timing of payments, and the resolution procedures for disagreements. Disputes or miscommunications may occur if the agreement is not in writing.
After signing a service agreement, all parties are crystal clear on what services they want to be provided, how payment is to be made, who will have ownership rights, etc. This lessens the likelihood of disagreements and helps to establish a strong and lasting commercial connection between the parties.