How to Write a Rolling Contract

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As a freelancer or small business owner, it can be challenging to secure long-term contracts with clients. The solution is a rolling contract, which is a flexible agreement that allows you to work with a client on an ongoing basis. Here are some tips on how to write a rolling contract that benefits both you and your client.

1. Define the terms of the agreement

The first step in writing a rolling contract is to define the terms of the agreement. This includes the scope of work, payment terms, and duration of the contract. It`s essential to be clear about what services you will provide, how much you will charge, and how long the contract will last.

2. Specify the renewal process

A rolling contract typically renews automatically unless one party gives notice to terminate it. Specify the renewal process in the contract, such as the notice period required, how the notice should be given, and whether the terms of the contract will change upon renewal.

3. Set clear expectations

To ensure a successful working relationship, set clear expectations in the contract. This includes deadlines, deliverables, communication methods, and any other relevant details. If you have specific requirements for the project, make sure to outline them in the contract.

4. Address intellectual property

If the work you`re doing for your client involves creating intellectual property, such as writing or design, make sure to address ownership in the contract. Define who owns the intellectual property, whether it`s the client or you, and any rights the other party may have to use it.

5. Include a termination clause

Even though a rolling contract is flexible, it`s essential to include a termination clause in case things don`t work out. Define the circumstances in which either party can terminate the contract and the notice period required. This protects both you and your client and provides an exit strategy should the relationship sour.

In conclusion, a rolling contract is a great way to establish a long-term relationship with a client while maintaining flexibility. By following these tips on how to write a rolling contract, you can set clear expectations, define terms, and protect yourself and your client in the process.