Did you know that how you negotiate the provisions within your service agreements actually impacts the sustainability of your #nonprofit or #philanthropy?
Today’s Fast Build topic is about the key elements of a service agreement. Nic shares the top 3 considerations for nonprofits and philanthropies engaging service providers.
Paying attention to a service agreement’s payment terms, indemnification provisions, and confidentiality terms is critical. Losing sight of any one of them can ultimately impact your organization’s bottom line, flexibility, and resilience. So, it is critical to your organizational infrastructure to understand and negotiate what you are signing, particularly when it comes to these terms.
When was the last time you considered how a service agreement might impact your bottom line? Let us know in the comments!
You can watch Episode 40 below.