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A social media agency contract sets out expectations, obligations, terms of payment, and other information between a firm owner and a social media advisor.
A social media agency contract is legally binding if it meets all the necessary requirements of your jurisdiction, such as offer, acceptance, consideration, and intention to a create legal relationship. It helps safeguards you against legal conflicts that may arise while finishing the project and sets out a detailed plan for the project fees and timelines. This contract establishes clear expectations for the task and can save both parties significant time.
It can also summarize anything that is not included in the social media management project. If your customer is new to social media, they may think you are undertaking specific obligations, such as video production or community management. Besides, a social media agency contract summarizes anything you have not agreed to, so there is no confusion throughout the project concerning each party's functions and obligations. Examples of exclusions in the contract may include: videos are not included or the media is only used for specific sites, depending on your negotiations.
Why Do You Need a Social Media Agency Contract?
Even if you have been associated with a customer for several years, you can still face legal issues or conflicts around a project's extent. No matter how small the project is, there can still be problems that might arise. Therefore, having a social media agency contract makes things more effortless for everyone.
Not only that, but a social media agency contract helps you be more proficient. It shows you are a business individual and helps the client feel comfortable working with you. The client will also be able to understand just how much work might be involved in the project, their responsibilities, and their rights. A social media agency contract allows the customer to see all the elements involved in a campaign and how long it might take.
What Does a Social Media Agency Contract Entail?
A social media agency contract is a lawful document that comprises the number of distinct elements. Moreover, each element should be summarized within the agreement so that both parties comprehend the prerequisites. Below are some common elements included in a social media agency contract.
Primary Project Information
The primary part of the social media agency contract should emphasize the necessary project information, including the assistance offered, any parties involved, and the dates the project will cover. The parties involved could be other freelancers, agencies, or other stakeholders interested in the project. It’s important to identify and define these parties in the contract.
In addition, you must ensure that you determine who will sign the agreement and represent the customer and the freelancer or social media agency. Generally, this will be the company owners on the customer's side.
On your part, this will either be the agency or whoever is representing you within your social media agency. Moreover, if you are freelancing, you should execute the agreement yourself.
Additionally, it is important to outline these parties clearly. And depending on the task, sometimes teaming up with other groups can take longer than operating alone. You would also want to draft the specific obligations with various agencies or departments.
Your client might think that you have no problem working with other agencies, and while this shouldn't be a significant deal, it may add time to the task, so this should be summarized upfront.
The Work Concerned
It is likely the most important detail of your complete social media agency contract. This component summarizes the work to be finished and any inclusions included. In this segment, you should be as thorough as possible, so there is no perplexity about the job involved. Summarize all the functions and obligations involved in the task and include all the other components for which the customer is responsible.
Likewise, ensure you have any project goals if you make a social media calendar, including which social platforms you'll be publishing on and the actual number of posts you'll produce. And it is reasonable to incorporate any secondary activities that might be part of the task.
Thus, if you're delivering social media agency services, outline what you will deliver. In addition, you should also summarize the clients' obligations and deadlines, including what needs to be supplied for you to finish the project. It is especially necessary if client data or resources are needed for you to meet your side of the project elements. Moreover, if you wish to be prescriptive, you can even incorporate assessments for fulfilling your objectives or decide on KPIs so the customer is clear on what they can anticipate.
Payment and Cost Details
The payment and cost details are another essential element of your social media agency contract. In addition, any social media agency agreement should determine exactly how much the job will cost and comprise a payment plan. Hence, the client understands how much is due and when. You should also specify whether you're working on a retainer basis or a one-off project for a specified period.
Also, when summarizing the cost, including any additional fees, taxes, a different hourly rate, and a payment plan within the social media agency contract. The plan should summarize which payments are unpaid when or even determine that payments are due when you hit specific milestones within the task.
If different people are paying for different elements within the project, define this within the payment provisions. You may also want to add elements on any expenditures within the project and who will cover these expenses. It might comprise travel expenditures, the cost of tools, software, or imagery, or an hourly rate to cover the cost of additional assistance or overtime.
Another essential component of your social media agency contract is your timelines. If the job is open-ended, or you're operating based on a continuous social media management contract, define this within the agreement. Moreover, incorporate any specific deliverables due to specific timelines within this section.
- Brand Awareness: Brand awareness is a key social media metric that gauges awareness through the engagement and number of mentions a brand obtains online.
- Dashboard: A dashboard is an instrument that permits marketers and social media administrators to handle all their social media functions across all mediums from one screen.
- Social Media Management: Social media management is about managing a social media account, or several accounts, by publishing and engaging with the target audience.
In a nutshell, a social media agency contract ensures that both parties maintain specified roles to avoid misinterpretations or disputes down the road. And suppose you are looking for professional attorneys to help you draft a comprehensive social media agency contract. In that case, our experts at ContractsCounsel will help them as soon as possible.