Business Contracts
Business contracts are essential for business growth as they formalize agreements that safeguard the interests of both parties and minimize the risk of disputes. They help clarify expectations, responsibilities, and payment terms, which supports more stable and scalable operations. As a business grows, well-structured contracts become essential for managing partnerships, hiring, and securing consistent revenue.
Navigate this page to access presentations, templates, and resources designed to help entrepreneurs better understand the role contracts play in running a successful business.
Featured Resources
Supporting entrepreneurs at different stages requires different tools and approaches. Review our featured resources below to better support you entrepreneurs.
Business Contracts Summary Video
The Contracts Summary Video offers a straightforward overview of key contract concepts every entrepreneur should understand. This video helps you introduce clients to the basics of creating, reviewing, and managing…
Business Contracts Training Deck
This training deck helps small business service providers teach entrepreneurs the vital role contracts play in running a successful business. It covers the basics of contract structure, common types of…
Business Contract Reference Sheet
The Business Contract Reference Guide is your quick-access tool for understanding key elements of common business agreements (e.g. contract type, purpose, est. legal cost). Whether drafting a new contract or…
Business Contracts External Resources
Leverage these links to access supplemental trainings, templates & guides from trusted sources.
Summary Video
Special Contract Considerations for SEDI Businesses
Legal Literacy and Empowerment
SEDI entrepreneurs may be unfamiliar with legal language or intimidated by formal agreements. Advisors should demystify contract terms, explain key clauses in plain language, and encourage questions to build confidence and understanding.
Access to Affordable Legal Support
Many SEDI clients lack the resources for legal counsel. Advisors can connect them with pro bono legal services, small business legal clinics, or templates from trusted sources to ensure contracts are both accessible and protective.
Risk Awareness and Protection
Highlight how contracts protect their rights—such as ensuring payment, limiting liability, or defining scope of work. Reinforce the importance of getting agreements in writing, even for informal or community-based deals.
Customization for Business Type and Growth Stage
Encourage contracts that reflect the entrepreneur’s specific business model, industry norms, and stage of growth. One-size-fits-all templates may not meet unique needs, especially in early or low-margin businesses.
Looking for more Business Contract tool?
We've assembled a curated list of links to trusted resources to help entrepreneurs prepare business contracts.
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