Forums: Discussions for entrepreneurs and small business.

Our production company is branching out and becoming an ad agency for local businesses. I`m assuming we need some kind of contract for customers to sign considering there`s an agreement for payment over $15,000 in exchange for work on an ad. What do I need and where can I get it (preferably without having to fork over a ton of money for a lawyer)?

The basic problem is that we can`t afford to have them pay the money after we make the ad and buy the airtime, that`s a lot of money. We`d need at least the vast majority of the money before buying airtime. But, of course, businesses will be leery of forking over that much money without some guarantee. We can make the ad before payment, but not buy the airtime. What would be the best way around this problem? Thank you so much!!!

Hello.

I understand your problem. Have you ever read `Purple Cow` by Seth Godin? Maybe it will help, not with the legalities but with the overall strategy of your company. I think it will really be insightful for you and your business partners. Keep rockin` boss!

Chris



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It`s Not What You Know, It`s Who You Know. Join Me On The Path To Success... Each New Skill I Learn Is Your New Skill. http://empoweredproducers.com

Thanks! What kind of contract should I be looking for? I`m really not even sure what to even search for. :-/

contact legalzoom.....i reached out to them once for a contract customized to my specific need and was able to get it done under $100

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Find a paralegal in your area.  They can draft a form for you for about $60.00.

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Goals are attainable at any age. It just seems to take longer the older we get. - S. Patrick Culshaw

You have 2 options.

1. Explore something cheaper than $15,000 - as some others have mentioned also.
2. Take a loan - this has its own share of risk since you are trying to establish your business - mortguaging might be difficult.

Evaluate both the options, see if you have any third option (not that I can think of) and then make a solid decision. As an enterpreneur I never believe in looking back or regreting any decision once I make it.

My best wishes for you.
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Very brave.  A transaction that is valued at $15,000 using a form from the internet without ANY legal advice.  A paralegal that is drafting documents based on information from a client is probably practicing law and thus breaking the law - not that any of that should matter if you can save a few bucks.

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James Lindon, Ph.D. Patent Attorney
Lindon & Lindon, LLC
Cleveland, Ohio
Patents, Trademarks, Copyrights, Pharmacy Law, Litigation
[this is not legal advice - provided for discussion only]
Intellectual Property for the Individual and Small Business: Identify, Protect, Enforce, Defend.
"Fools rush in where angels fear to tread."
http://www.LindonLaw.com