1.Review your current contracts to assess any advantages or disadvantages. For instance, if your contract is too informal, improve the presentation in the new one. Make sure all relevant information is included (e.g., your company's name and contact information).
2.Develop a contract draft with your choice of paper size, type style, color and images, as well as the content you want. For example, you could use 8½ -by-11-inch paper with the company's name either in large type on top or as part of the background in the page's middle. Describe delivery and payment terms, like whether you will accept credit for the buyer's account.
3.Assess your state's minimum legal requirements, which usually vary based on industry. For instance, many real estate appraisers disclose their license on their contract. If clients must pay sales tax because they are not nonprofits or the deal does not involve wholesale products, indicate how taxes will be calculated for each transaction. Include any relevant conditions for doing business, such as stating that all sales are final.
4.Compare different suppliers' prices. You can produce contracts yourself from your office or order them from FedEx Kinko's (fedex.com/us/office), Staples (staples.com/sbd/cre/programs/copyandprint) or Office Max (officemax.com).
5.Establish a computer template, like an Adobe PDF, so you can create a new contract easily and even transmit electronic versions as needed. Most states recognize business contracts sent electronically or by fax. Develop a method for organizing the contracts, such as saving a separate file based on the client and date.
