Corporate Contract? 3 Steps To Minimize Stress

Change your business behavior to reduce contract stress.

Stress over a bad contract can wreak havoc and make you desperate, especially if it’s causing you to lose money.

Contract work can be stressful. While you may be the business owner and thus, your own boss, you’re still dealing with a client who may seem to hold many of the cards. As time passes, it’s easy for the stress to mount to the point where you begin to look for a way out. Before you make a major business decision in a desperate state of mind, consider these three methods to take the stress out of your contract work.

Talk To A Neutral Professional

One of the best ways to reduce business-related stress is often to get a third-party’s input. If you have questions regarding contract legalities, you could consider talking to a lawyer like those at Ogborn Mihm LLP. The attorney could be a valuable resource when you’re attempting to figure out what the contract language specifically means. Don’t be afraid to use this help. Contracts are very important, even critical, especially if you may want to unwind or cancel the contract and do not want to be in “breach of contract”.

Change Your Behavior

While you can’t always change the contract (it is ALWAYS best to have the contract reviewed, BEFORE you sign it), you can change your behavior. Altering your behavior patterns is often a good way to make sure your contract doesn’t cause you undue stress. You experience much more stress when you attempt to control that which you can’t. You can control your behavior.  If you can change your behavior to avoid or eliminate some of the things that are stressing you out, you can put more of your energy towards focusing on areas of the contract where you do have control or at least influence. For example, you could change the work hours or the subcontractors, if applicable and if permitted by the terms of the contract. This or a similar change could provide you with an opportunity to work with a new set of people or entities and change your view of what is occurring.

Wait It Out

Unfortunately, some contracts are just bad. If you didn’t get the right help in drawing up or revising the contract, you may still have other options. Contracts can be negotiated, even after they’re executed. This is important to remember. If that wasn’t feasible or doable, you have the option to renew or cancel at the end of the contract’s original term. It is highly recommended that you write down each and every point that has caused you concern, and strive to negotiate these during the renewal period. Focus on the points that mean the most to you, because staying open to solutions will help you come to a mutually beneficial resolution. Remember, you have the option to not renew at all. If you could not get any changes made during the original contract period and the client is resistant to make changes during the renewal period, if the contract was not advantageous to you, it is best to walk away and not renew.

Don’t let a  contract situation get you down. Take some time to talk to those with legal experience and change the situation as best you can. If you can’t get out of the contract or get it changed, modify your behavior and approach so you can look forward to the end of the contract with minimal stress. With the right attitude, you can reduce your stress levels.

About the Author

Emma is a freelance writer currently living in Boston, MA. She writes most often on education and business. To see more from Emma, say hi on Twitter @EmmaSturgis2