As a supplier you should always check out the companies/people you are dealing with. Are they reliable and established? You don’t want to get caught out by insolvency or even fraud. You should also carry out a check on the financial soundness of your customers. We recommend you have a process in place. Create a form and send it to potential customers to complete, authorising you to get bank, credit and trade references. Here we have full details of what you can do to ensure you are setting up a relationship that works well and lasts a long time.
Every business transaction involves a contract, and generally speaking, unless the transaction is an over-the-counter sale, it is much safer to put the terms in writing. As Nobel prize winner, Oliver Hart says in the quote on our homepage: “From shopping in a store to running a corporation, contracts and agreements matter everywhere.”
Whilst it is tempting to agree terms of a transaction on the basis of a handshake or an email, a canny buyer or supplier should always ensure that they have entered into comprehensive terms which cover the key aspects of the deal. Contracts are the glue that seal the relationship between a business and its customers or clients and provide certainty. Good contracts make great relationships! Here we cover in-depth what you need to know.
At ContractStore we have recently updated our collection of Brexit clause templates. These are designed to help companies doing business between the EU and UK to cope with the problems of Britain leaving the EU.
If you are an agent or distributor of a company in the EU or you regularly trade with companies in Europe (or vice versa), you can mitigate the Brexit risks by agreeing in advance with your trading partners how you will handle the difficulties if and when they occur.
A contract acts as a kind of project management tool, because you need to both define and agree all the key deliverables, the scope of the work, what happens if something goes wrong, who deals with insurance, and more. Its a great way to make sure you are running your plan well and are prepared for the inevitable problems that come up.
A wave of new regulations affecting landlords & tenants of residential tenancies are coming into force this year. So don’t be fooled by the pro-Brexit brigade who suggest that we are going to leave bureaucracy
It is never a good idea to use someone else’s terms and conditions on your website. For a start, this is likely to be a breach of copyright and the owner of the other website could bring proceedings against you. Moreover, no two businesses are exactly the same and using someone else’s wording, without carefully checking that it is appropriate for your business, can cause real problems.
Generally, under English law, there is no particular formality required for making a contract. So, even if you have a contract in writing which is signed by both parties, it’s arguable that when you want
On 5th November ContractStore’s Giles Dixon is doing a webinar for Startup Richmond entitled Is your Business ready for Brexit? The webinar looks at some of the risks cross-border businesses will face and how to
Do you need a shareholders’ agreement or are you setting up a new business? If so, you may be interested in a webinar given by Giles Dixon of ContractStore for Start-up Richmond Demystifying Business Structures And
The Bar Council has told barristers not to sign contracts drawn up by solicitors’ firms attempting to comply with data protection legislation coming into force this month. The contracts, required by Article 28 of the