Sales Contracts (and more) with Tricia Meyer of Meet Meyer Law | Episode 24 | Bullhorns & Bullseyes

Tom and Curtis are joined by Tricia Meyer, founder and managing attorney at Meyer Law, which provides insights on the different types of contracts and their significance in protecting both parties. Tricia begins by sharing her experience with Clever Baby, a teething and medicine dispenser product, and the importance of contracts in retail partnerships.
The conversation highlights the need for clear and balanced contracts to mitigate risks and avoid conflicts.Tricia emphasizes the need for simple and clear sales commission plans and contract terms that can be easily understood and tracked. They also discuss the balance between protecting both parties and not making the contract overly complex. Tricia also announces the launch of her product, Clever Baby, on ⁠Target.com⁠ and Bye Bye Baby.
Takeaways:
✔Contracts are essential in sales and marketing to protect both parties and mitigate risks.
✔Different types of contracts, such as customer contracts, referral agreements, reseller agreements, and brand ambassador agreements, serve different purposes and require careful consideration.
✔Intellectual property and confidentiality are key areas to address in contracts.
✔Automating the contract process can make it more efficient and less burdensome.
✔Having clear and balanced contracts in place can prevent conflicts and provide a solid foundation for business relationships.
✔Sales commission plans should be simple and easy to track.
✔Contracts should be tailored to the specific needs of the business and its clients.
✔Regularly review and update contracts to ensure they align with the business.
✔Balance the need for protection with simplicity and clarity in contracts.
✔Consider the risk tolerance of both parties when negotiating contract terms.
AUDIO PODCAST EPISODES ON SPOTIFY:
open.spotify.com/show/5Qxv2Vr...
PODCAST EPISODES ON TH-cam:
/ @collideascope5357
STAY CONNECTED
Meyer Law | meetmeyerlaw.com/
Creative Mill | www.creativemillco.com/
collideascope | collideascope.co
Bullhorns & Bullseyes | bullhornsbullseyes.com/episod...
The Clever Baby
www.target.com/p/the-clever-b...
www.thecleverbaby.com/
Tricia Meyer | / meyertricia
Tom Nixon | / tnixon16
Curtis Hays | / hayscurtis
00:00 Introduction
09:12 The Importance of Contracts in Sales
13:48 Streamlining the Contract Process
26:26 Creating Effective Sales Contracts
32:30 The Clever Baby
34:00 Best Practices for Contract Structure
39:12 Where to Find Tricia at Meyer Law