Writing Solid Contracts to Protect Your Business from Lawsuits

The Home Service Expert Podcast

Tommy Mello

Business, Management

4.8 • 705 Ratings

🗓️ 26 November 2021

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Karalynn Cromeens is the owner and managing partner of The Cromeens Law Firm, PLLC. She holds more than 16 years experience practicing construction, real estate, and business law. In her professional career, Karalynn has successfully filed more than 1,000 lawsuits to foreclose or remove mechanic's liens, with several of those being tried to a jury. Karalynn has grown her law firm at a tremendous rate and serves as a mentor to her employees.

In this episode, we talked about workers’ compensation, contracts, subcontracting...

Transcript

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0:00.0	If you're a home service guy, you need a contract.
0:02.7	I don't care how small it is.
0:04.3	Even if it's just written on a piece of paper, you need a contract.
0:08.0	And here's the thing.
0:08.9	You need a contract that's easy to understand and clear, right?
0:12.7	It doesn't have to be full legal ease to be effective.
0:15.7	Just a clear contract because if you get into an argument without a contract,
0:19.5	you might as well just walk away because it's just going to cost too much to decide who is right.
0:24.4	So, you know, a contract, having that up front, being clear about expectations, right?
0:29.4	And then at the same time, another thing that is a clear collection strategy, that you have a consistent clear collection strategy that starts the beginning of every
0:38.8	project. And I say that, it's all the information that you gather at the beginning of the
0:43.2	project that could help you later on if there's a collection issue. But not having that stuff
0:48.3	at the front end, a good contract and collecting all the data that you need will make collections
0:53.1	nearly impossible.
1:00.2	Welcome to the home service expert, where each week Tommy chats with world-class entrepreneurs and experts in various fields like marketing, sales, hiring, and leadership, to find out what's
1:06.4	really behind their success in business. Now, your host, the Home Service Millionaire, Tommy Mello.
1:16.3	Welcome back to the Home Service Expert. I'm your host, Tommy Mello, and today I have Carolyn
1:21.1	Kroemines here. She's an expert in construction, real estate, small business. She's based out of
1:27.0	Houston, Texas, and the firm,
1:29.2	she is the owner at and managing partner. It's called a Chromines Law Firm, and she's been doing
1:34.5	this since 2006. Carolyn is the owner and managing partner of Cromene's Law firm, PLLC,
1:40.3	and holds more of 16 years experiences practicing construction, real estate, and business law.
	...

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