First, let’s talk about that contract. It is highly unlikely that you’ll see what’s missing in a contract the moment you start to read it. Unless, you’re a lawyer, of course. But if you will follow this little guide, you will have a good idea of what to look for and what to demand for from the company.
The existence of a contract is not a standard operating procedure for many companies. Does this shock you? Those fly-by-night companies will simply accept a verbal agreement as a contract. However, if you want to protect your interest, you should be demanding a contract for them. This will protect you and the company in case any untoward situations happen in the course of the project process.
Everything should be documented. Did you pay a reservation fee for part of the project already? If you did and there was no receipt, that should be an instant red flag to you. No company ever wants to enter into an agreement without the proper documentation. This is a requirement by their accounting and finance department. It keeps the check and balances within the organization.
If the company does not require you to sign receipts, you should be thinking twice about hiring them. What guarantee do they have that they won’t run with your money?
If it is a big-time company, it most likely has insurance policies for every project it goes into. There is no way that it would risk the finances of the company for just one project. This is also a protection of some sort, so that their reputation would remain spot clean despite any hindrances to the project.
Although an insurance policy would certainly add to the cost of the contract, it is also a way to protect you, the company’s client. Most policies would see to it that you are paid in full if and when something goes wrong in the contract.
The moment you tell your friends in the industry that you’re hiring a particular Lakeland web design company, they should be telling you what a good deal you brokered. There should be no negative comments about the company because these are the people who are in the same industry as you. They know what they are talking about.