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Important points to cover in a Coaching Contract: What's the purpose and goal of this coaching (write down the specific goal and desire) Payment: How and when to expect payment (do you offer payment plans?, do you charge per hour or for a whole program? Which payment options do you offer?)
A coaching contract is a legal document that protects both the coach and the client. This document is a helpful way to establish boundaries for the coach-client relationship.
7 Clauses To Include In Your AgreementDescription of Coaching. Many clients are unfamiliar with coaching when they begin the process.Client-Coach Relationship.Services Provided.Release of Information (if applicable)Schedule and Fees.Cancellation Policy and Procedures.Confidentiality and Code of Ethics.
THE COACHING CONTRACTThe initial contract in coaching is often the most explicit or formal and has the most legal overtones. It is most often written and concerns the general scope of the coach-client relationship.
You need a coaching contract because it protects both you and the client legally. You should never coach without a contract and if a client is unwilling to sign one, you need to refuse to work with them. A coaching contract also lets your client know what to expect from you and what your coaching process includes.
Sometimes, either the coach or the school wants to end the coaching relationship. If both want to end the contract, then they can end the coaching agreement mutually. However, if the school wants to fire the coach, then it will either need to pay the coach money or fire the coach for a reason provided in the contract.
Coaching contracts, to establish the main client relationship agreement, for a precise number of predetermined sessions over several weeks to several months and achieve the desired client outcome. This is the most obvious level of contracting.
What is a Coaching Contract? Your coaching contract is your legal best friend; a legally binding document that will not only help you to easily and professionally negotiate the legal parameters for every agreement, but will establish the expectations and ground rules for both parties, leaving you protected legally.
Hourly Pricing The ICF Global Coaching Study found that coaches making greater than $150,000/year charge an average of $607/hour. Coaches making $100,000 $150,000 per year coaching charge an average of $365/hour.