Execute A Contract Definition
When you’ve got a contract definition in place, it’s time to start executing the contract. This can be done in a number of ways, but there are some key steps that should always be followed.
First, make sure that all parties involved in the contract are aware of its existence and have signed off on it. This may seem like a no-brainer, but it’s important to have everyone on the same page before moving forward.
Next, start working out the details of the contract. This includes setting up payment schedules, outlining work expectations, and anything else that needs to be ironed out. Be as specific as possible here so that there’s no confusion down the road.
Finally, put everything in writing and get it signed by all parties involved. Once the contract is officially executed, everyone will be held to its terms. Make sure you keep copies of the signed agreement on hand so that you can refer back to it if necessary.
