Author: ContractStore
Attending To Your Business Health During Lockdown
For those of you whose business is now quieter than usual, you could consider using the time to do some housekeeping and take care of some of the things you never normally get around to. For example, you could run a check to see your website is legally compliant and that you have the Ts & Cs you need for when we come out of quarantine (or while we are in it).
UK Announces Sick Pay Reimbursement for SMEs
It’s Official – Import Controls to be Imposed on Goods from EU in 2021
Employment Policies Collection just published
Who am I Dealing With? Due Diligence & Credit Checks
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.
Why Do We Need Contracts – and What to Include?
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.
How to Deal with Lawyers
The new Government is preparing for a no-deal Brexit on 31 October. Are you?
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.
Chasing Debts and Stopping Late Payments
Chasing Debts and Stopping Late Payments Delivering your invoice Chasing a debt Debt collection agents Statutory Demands Remedies that do not involve litigation Checklist If your client or customer fails to pay on time,
