302 – What Should Be in Your Contract?

Subscribe: iTunes | StitcherRSS
Subscribe: iTunes | Stitcher | SoundcloudRSS

Most of the time, contracts tend to be the most challenging part of entering a business, and this is where we mostly fail. When we see a contract five pages long, we lose our interest in reading it and lean towards signing without even taking a look — not knowing this will be our downfall.

Contracts are very crucial in whatever business or trade you are in. In part one of this miniseries, Karalynn Cromeens of The Cromeens Law Firm joins us to share her extensive knowledge about contracts — the necessary things you need to add in the draft and the kind of people you need to watch out for.

Stay away from unsuspecting contracts and safeguard your rights by knowing what’s in them. We have lots of valuable takeaways in this podcast, so stay tuned to this episode!

What’s Discussed In This Episode:

0:00 The Elevation Program

3:44 Brief introduction to the topic and the guest

5:20 Karalynn talks about her book and her podcast

9:37 Who is Karalynn Cromeens?

11:28 Drafting your contract: Dos and don’ts and why it’s essential

14:52 Things you need to include in your contract

21:03 Why it’s so important to include the payment terms

25:02 Insurance and indemnity

26:44 What are defaults, and how do they cover you?

31:02 Karalynn recommends adding this to the contract you’re writing because it’s beneficial for both parties

33:36 Warranty, workers, attorney’s fees

35:12 What is a complete agreement? Why close the contract with it?

37:06 Most common problem tradespeople and businessmen encounter in their trades and in running their businesses

About Our Guest

Karalynn Cromeens is a published author and devoted leader. She is the Owner and Managing Partner of The Cromeens Law Firm, PLLC, who holds more than 16 years of experience practicing construction, real estate, and business law. Karalynn is passionate about protecting the businesses her clients have built and being a lifelong partner in their company’s success.


Connect with me on LinkedIn. For more podcast episodes, you may also visit my website. Tune in and subscribe to The Site Shed: You can also listen to The Site Shed on Apple Podcasts, Spotify, and Stitcher.

Thank you for tuning in! 

If you enjoyed this podcast and this series, please take 5 to leave us a review:

    Leave a Reply

    Your email address will not be published. Required fields are marked *


    Search past episodes of The Site Shed.

    The Site Shed | Listen Notes


    The Site Shed is one of the best online communities and podcasts for tradies out there. The free content provided to members is unbelievable - offering invaluable advice to run a successful business, and the community of tradies is truly awesome. Do yourself a favour and check it out.

    Peter Cox Business Man

    Great work Matt with all the podcasts and the site shed facebook community group. The amount of information that you can learn for free in this space is unbelieveable. It's great to see like minded contractors and trades trying to improve their businesses and also share ideas and help others. Highly recommend. Thanks!

    Ben Hern Business Owner

    I have been listening to the pod casts for a few months now, I can't get enough of all the awesome content that you guys provide. Especially when you guys deliver it from a trade perspective which helps out a lot. Keep up the good work and hopefully one day I can afford one of the trade training trips.

    Ché Henton Customer

    I own a construction company,and i love learning how to make my bussiness more competitive,profitable and how to better serve my clients. The site shed is a wonderful place to get invaluable knowledge no matter your trade .

    Michael Mullinax Construction Company Owner

    Subscribe To Our Audio Podcasts!

    Share This

    Advertise With Us

    If you think you’ve got a product or service offering that could benefit our audience, we’d love to hear from you! 
    Complete this form to let us know a little more about your business, and the type of promotion you’re interested in and we’ll get in touch.

    We use cookies and similar technologies to recognize your repeat visits and preferences, as well as to measure the effectiveness of campaigns and analyze traffic. By clicking “I Accept” on this banner or using our site, you consent to the use of cookies unless you have disabled them