Why Do We Need Contracts – and What to Include?

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.

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Get ready for Brexit with a webinar

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

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Need to Threaten a Debtor with Legal Proceedings? New Protocol

Need to Threaten a Debtor with Legal Proceedings?  New Protocol

There is a new procedure for businesses chasing debts in the UK. The Pre-Action Protocol for Debt Claims applies whenever a business is chasing an individual (including a sole trader) for a debt and is planning to sue. From 1st October 2017 a claim letter has to be sent before proceedings are started and this has to contain detailed information with regard to the claim.

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