How to Get Paid On Time
As reported in Business Matters last week, outstanding debts to small and medium-sized business stood at a record £35.3bn at the end of last year – and large companies have been identified as the main culprits.
Legal Updates for Business and Contract News Blog
Parent Company Guarantees
It has become common practice for a client in the UK construction industry to require its contractor to provide security. Performance Bonds and Parent Company Guarantees are two forms of contract to handle this requirement.
Are Your Gym Membership Terms Illegal?
In a High Court case earlier this year, a sports club was taken to court by the OFT (Office of Fair Trading) and the judge held that certain terms were unfair. These included: • Terms
Bribery Act UK: Is Your Business Prepared?
The Bribery Act legislation coming into force on July 1st 2011, requires companies to have “adequate procedures” to prevent corruption – i.e. a Code of Conduct – in order to avoid the risk of an offence under the new law.
Do You Need a Partnership Agreement?
If you are setting up a business, you may be wondering if you should have a Partnership Agreement, and what it would include. The answer to this is that without it, there can be uncertainties
Defective Premises – A House Buyer does not always have rights against a builder responsible for defects.
If you buy a house that turns out to be defective, under the Defective Premises Act of 1974 you might have a claim against the original builder. But in a new case the Court of
On Demand Performance Bonds – How to make them less of a threat
Contractors tend to be wary of ‘on demand’ performance bonds as there is usually no protection against the bond being called unfairly. The courts have generally refused to prevent a bond from being called except
Do It Yourself: Terms & Conditions e-kit shows you how
ContractStore has collaborated with Lawpack to launch a new guide: the Business Terms and Conditions e-kit.
Travis Perkins Building Contracts into Business
A new partnership between Travis Perkins and ContractStore.com focuses on a range of low-cost specialist contracts for the construction industry, including Terms & Conditions, Collateral Warranties, and contracts for Supply of Works and Services.
ContractStore Gets Internet Business Up To Legal Speed
“As an online retailer, keeping up with regulations can be complicated.”