Re: Do You Include Rate Increases in Your Contract?
This is a great thread. I never really thought about putting in my contracts, but now that this is out there I think this is something I should do.
I like the non-specific statement Janine made that it can be evaluated at anytime during the year, but do you think that they might worry you will start off at one rate and then try to gouge them later. I think we should also let them know that the increases won't go over so much within a year to give them some comfort that one day they are paying $x amount of dollars and then the next you are increasing to 3x's that or whatever. Not that I am saying anyone here would do that I am just wondering if this might be a client concern.
I always worry when I am looking at a contract with something nonspecific in it and I've started asking people to clarify those statements in the contract (in writing) before I sign them. I mean you just never know. Does that make sense?