- What's Included?
A Mastermind Agreement is a contract formed between a mastermind group leader or organizer or host and the members of the group. A mastermind group is usually a small, exclusive group of people who meet (virtually or in person) on a regular basis to discuss and solve their challenges, learn together, and support each other in achieving their goals.
Here's what a Mastermind Agreement usually covers and why it's important:
1. Membership Terms: The agreement outlines the terms of membership, including the cost, duration, number of meetings, and the conditions for renewal or termination of the membership.
2. Meeting Conduct: It sets out expectations for meeting conduct, such as participation, preparation, punctuality, and respect for other members.
3. Confidentiality: The agreement usually includes a strong confidentiality clause because members will often be sharing personal and business information, ideas, and strategies that they would not want to be made public.
4. Dispute Resolution: It provides a mechanism for resolving any disputes that may arise within the group.
5. No Guarantee Clause: The agreement may also state that while the group exists to support each member's success, there are no guarantees of specific results or outcomes.
6. Intellectual Property: The agreement might address the ownership and use of materials created and shared within the group, such as workbooks, guides, or recorded sessions.
In simple terms, a Mastermind Agreement is like a set of rules for the mastermind group. It helps ensure that everyone knows what to expect, how to behave, and what their rights and responsibilities are. This can lead to a more effective, focused, and harmonious group.
The Group Coaching Agreement includes the following:
- A group coaching agreement template with placeholders and instructions
- A step-by-step instructional video walking you through the steps to customize this for your business
Here are some of the clauses that are included in the Mastermind Agreement template:
- Services provided
- Payment terms
- Late or missed payments
- Refund policy
- Intellectual Property
- Members Responsibilities
- Mastermind group rules
- Collaboration with outside coaches and instructors
- No guarantees
- Term and termination
- ...and more!
This part's so easy and I am super excited about that!
So after you pay for the templates and check out, you're gonna have a download link to the products on that very page. Go ahead and click on those links and start downloading your products to your computer.
It will open in a .docx format. You can save it to your computer, and start making edits to it by customizing it. The customization process is simple and fast. You will find instructions for what to write in brackets, either highlighted or in a different color from the rest of the text.
Trust me, you won't have any issues with this part.
Once you customized the template to your liking, the contract is now ready to be used. Depending on what kind of policy or contract you got, you either might have to upload it to your website, or just hold on to it so that you and another party sign it for your intended transaction.