In this episode of Multithreaded Income, host Kevin Griffin focuses on utilizing a Master Service Agreement (MSA) for freelancers and consultants, especially when dealing with clients. Kevin shares his experience and insights on why having an MSA is crucial for outlining the scope of work, setting expectations, and protecting both parties in a professional engagement. He discusses various sections of the MSA, including the statement of work, warranties, fees and payment, intellectual property ownership, term and termination, handling disputes and governing law. Kevin emphasizes the necessity of working with a lawyer to ensure that the MSA is legally solid and tailored to specific needs. He touches on the process of negotiating terms through redlining. The episode intends to provide listeners, including those new to freelancing or consulting like his friend Sean, valuable information on creating and managing contracts effectively.

00:00 Questions from my friend, Sean

00:37 The Importance of Master Service Agreements

01:37 Breaking Down the Master Service Agreement

02:18 Key Sections of the MSA Explained

07:13 Intellectual Property and Termination Clauses

10:59 Navigating Legalities and Client Negotiations

12:48 Final Thoughts and Discord Invitation

Creators & Guests

• Kevin Griffin - Host

In this episode, host Kevin Griffin catches up with his old friend and special guest, Jamie Wright. They discuss their accidental meeting at THAT Conference in Austin and Jamie's Kalahari World Tour. The conversation then shifts to Jamie's experience and philosophy around creating multithreaded income through freelancing, consulting, and side projects. Jamie shares his journey from being employed to embracing freelancing since 2006, exploring employability challenges, venturing into SaaS, and dabbling in creating chatbots and productivity tools. He emphasizes the importance of working on projects to generate income. He reflects on the challenges of balancing consulting work with pursuing product development. Jamie recounts his experience acquiring and reviving the Kyber Slack app in his SaaS endeavors, discussing the transition and his strategy moving forward. Additionally, they touch on Jamie's past projects, failures, and successes in software development and the importance of freedom and enjoyment in work. The conversation concludes with insights on the value of trying new things, ignoring conventional 'expert' advice, and finding joy in the journey of creation.

Follow Jamie on Twitter: https://twitter.com/jwright

Follow Jamie on LinkedIn: https://www.linkedin.com/in/brilliantfantastic/

Tatsu: https://tatsu.io/

Kyber: https://kyber.me/

Creators & Guests

• Kevin Griffin - Host
• Jamie - Guest

In this episode of Multithreaded Income, host Kevin Griffin is joined by Michael Rollins to discuss various topics, including the challenges and benefits of working from home, the concept of shedquarters for maintaining work-life balance, and navigating career transitions towards self-employment. Michael shares his journey from attempting to become a successful YouTuber to cofounding Engine Room Media, a company aimed at helping creators become better business persons. The conversation also covers the importance of having a diversified income, especially for creators reliant on platforms like TikTok, which face uncertainties. Additionally, Michael provides insights into financial planning, including dealing with unexpected unemployment, the pitfalls of debt, and the importance of not solely relying on traditional employment for income. The dialogue emphasizes building a network, not burning bridges, and exploring non-traditional paths to achieve financial freedom and happiness.

Follow Michael on LinkedIn: https://www.linkedin.com/in/rollinsmichael/

Follow Michael on Instagram https://instagram.com/rollinsio

Engine Room Media: https://www.engineroommedia.com