Joint Ventures in Yarn

There are several ways we can collaborate with other designers, dyers, LYS’s and magazines. From kit production, to regular pattern submissions to independent custom work. Each will have some of their own implications and all should include a level of traded value (whether in skills, produced items or training).

Its much easier to keep track of the success of a JV when these elements are documented and agreed by both (all) parties.

I have shared a selection of the most crucial and widely used topics to consider in the sections below. If you have other areas you feel should e considered please leave a comment below so we can all benefit from a further discussion.

Core Details to Track

Contact details for all parties concerned.

  • Name
  • Trading Name
  • email
  • phone
  • website
  • social media (instagram, you tube, facebook etc)

Project Details:

  • Title
  • Description
  • Anticipated Outcome (be as specific as possible here, revenue, dates, numbers produced etc)
  • Due Dates for all significant stages and both parties responsibilities
  • Any Financial exchange, pay rate, reveue per kit/per pattern or a revenue split for a course for example.
  • Any period of exclusivity and who retains rights after the project is completed.
  • Marketing responsibilities (ideally shared equally)
  • Creation of marketing materials

Deliverables:

  • Title
  • Description
  • Due Date
  • Owner/Creator

Example Deliverables to define owners and dates

Create a Pattern

  • Photography
  • pdf pattern
  • test
  • tech editing
  • Who creates the sample?
  • Who retains the sample once photography or showing at event is completed?

Dyer creates yarn

  • colourway defined
  • naming
  • photography
  • number to be produced in advance
  • can they be produced ad-hoc?

Sample Knitter

  • NDA to be signed and returned, not always needed but may be required in some instances
  • Pattern to be supplied by designer after tech editing
  • Yarn to be supplied by designer by a certain date
  • Piece to be knitted by a certain date
  • Sample to be posted back to the designer in specified packaging materials. Define who is responsible for postage fees.
  • Define fees for the service provided by the sample knitter.

Bye for now,
Babs


About the Author

The Founder of Yarn Academy Babs is all about inspiring others to find their creative juices. Babs finds it exhilarating to learn as many new techniques and skills as humanly possible and explore the entire world of yarn. Babs is always looking for the win win solution to any situation so we can all grow together in the wonderful world of fibre and colour.

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