Re: FN-FORUM: Query re contract for advisory work...

date posted 3rd August 2007 14:43


On 3 Aug 2007, at 15:02, Isobel Allen wrote:

>
> Hiya - any help much appreciated on this one.
>
> I'm about to get involved in scoping out a new venture with someone I
> know loosely, but who I wouldn't call a close friend.
>
> Now, for it to pay off, I'm likely to need to put in some unpaid
> hours/expertise to help develop the project idea. When (if) it gets up
> and running, I may get a lot of work doing what I do best -
> copywriting and promotions project designing.
>
> Does anyone have experience of this type of thing? I'd be particularly
> keen on a sample of a contract that I could use that basically says
> 'I'll put in some unpaid hours on this but if it pays off I expect
> some work out of it'?!! How on earth does one define 'pays off' in a
> contract?

why not do it as a deferred invoice arrangement?

e.g. you contract to work at your normal hourly rates but defer
payment until after the launch date at which time your invoice will
be presented and may be paid by:

* cash

or

* x hours of referred work

you can then make clear the value of your time and how and when that
value will be repaid.

a suggestion....

;)