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The Fine Print: What You Need to Know About Your Contracts

Brands that Book Show, Find Direction and Advice

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Interview with Kunbi Odubogun

"The truth is, the idea here is not even just for the bad times but for the good times as well. So you can have something in place that you can go back to and refer to as to have those certain things. Nothing will always go great, but even if it does go great, you want to have something you can lean back on."

Today we are chatting all things contracts with lawyer Kunbi Odubogun, founder of Legally Set. Kunbi shares tips for evaluating your contract, what clauses she likes to see in every contract, some red flags that maybe it’s time to update your contract, and answers a number of listener questions, such as, “What to do when the person paying is not the same person as the client?” Or, “What is needed when the scope of the work changes?”

If you’re in need of a contract template, or a contract addendum template, check out Legally Set. The website is well organized, she makes it super easy to find exactly what you’re looking for and after listening to this episode I think you’ll agree that Kunbi knows what she’s talking about.

Disclaimer: While Kunbi is a lawyer, she’s not your lawyer. Absolutely nothing in this episode constitutes legal advice and therefore, does not create any attorney-client relationship. This content is for general, informational, and educational purposes only.

More about Kunbi…

Kunbi Odubogun is an industry leading Business Attorney and Speaker with over 12 years experience in the Legal and Events industries. She is a Co-Founder and Partner at Oduberg, a boutique business law firm that provides legal services to creative entrepreneurs. With a keen eye for detail and an unwavering commitment to her clients’ success, Kunbi has built a reputation as a trusted legal advisor to startups, small businesses, and creative professionals.

In addition to her work at Oduberg, Kunbi is also the creator of Legally Set, a contract template shop offering ready-made, industry-vetted, attorney-drafted contract templates for creative entrepreneurs and event professionals. Through Legally Set, Kunbi has helped countless entrepreneurs protect their businesses and avoid costly legal disputes.

When she is not lawyering, she’s juggling life as an over-caffeinated mother of two and binging Law & Order, because life is about balance.

0:00 Intro
4:13 Can you tell us a bit more about Legally Set?
6:57 How do you split up your time running multiple businesses?
8:35 Why are contract important?
14:07 Are there certain clauses every contract should have?
17:20 How does someone get clarity about who they’re responsible to?
19:37 What are the things people should consider when constructing their payment schedules?
22:31 Regarding changes to a contract, do you need to send over a totally new contract or is there a more efficient way?
26:57 Can you speak to copy-write and what you like to see as copy-write goes in most service provider agreements?
31:07 Is there anything else we should cover about contracts?
34:28 Should people still be working a COVID clause into their contracts?
37:56 Do you have any thoughts on whether anything needs to go in a contract to account for fulfilling services using some AI tool?
39:49 How do you create a good client experience around sending a contract?

In this Episode

Legally Set (use this link to receive 20% off your templates)
Oduberg
ChatGPT

Resources

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