If you are having trouble with insomnia, here’s a hot tip -- it's CONTRACT time.😏🥳Look, we all know legal is about as fun as buying tires online during a bikini wax...but with so much business disruption from COVID-19, it’s a good time to look at our contracts and see where your legal obligations are at and plan how YOU want to respond today, tomorrow, or weeks from now as we all try and move forward.
2️⃣If you sell services -- you need a contract. PERIOD. Don’t @ me on this 😒— treat your business seriously FIRST before you expect others too as well.
3️⃣For COVID-19 disruptions, look for contract language like: cancellation, rescheduling, termination, refunds/exchanges/credit, force majeure/Act of God/inclement weather/natural disasters/travel issues, etc. If you have some specific language of what needs to happen and when, follow that 📜▶️
4️⃣ Carefully consider if you really are in “Force Majeure Land” [FML]= think of it as a kooky new video-game level that most of us assume we’d never actually see. You can usually only get to FMLif it is IMPOSSIBLE for you or your client to perform what was agreed. And “impossible to fulfill” is very different than: it’s hard/more expensive/scarier/riskier or more time-consuming, etc (some of this is state law dependent.) And this FML ticket only comes if you reasonably could not have foreseen these triggering events when you signed the contract. (which means that if you try and sign a contract tomorrow, you won’t be able to say this since even your great-grandma has been laughing at #Coronavirusmemes ). .
5️⃣Just because legally you CAN keep all or part of the payment, doesn’t mean it's the ethical/good PR/business goodwill thing to do. If you have already done some work, then usually you can keep that money for your time, efforts, expenses.Be clear and consistent with folks(it’s a small world 😉)..contd 👇🏼👇🏼 - 2 hours ago