Everyday businesses are doing deals on nothing more than a handshake and goodwill. Whilst operating like this has its place, when you are buying or selling something substantial be it goods or services it is important that your business is protected. This is where an ironclad contract comes in to play.
Contracts play an important role in setting out how the relationship of two parties is going to operate. Contracts not only give those involved an understanding of what responsibilities each party has but a good contract will also set out what happens when something goes wrong. It is this area that businesses need to ensure they are adequately protecting their interests.
In our experience, a business transaction normally works by one party sending the other their standard terms of business or perhaps having these on the back of an invoice or purchase order. Our advice is to not sign or agree to another business’ terms until you have had them reviewed. These terms are usually very one sided and do not protect your interests at all. Our fixed price service helps businesses manage risk by making sure they are aware of potential showstoppers. Even in something relatively simple like an NDA there could be potential pitfalls such as compliance with foreign laws or very harsh penalties for non-payment. These kind of clauses could mean you face strict financial penalties if you do not comply.
Don’t hesitate, submit a contract for review. See our reasonable packages now to ensure you know your risk. BUY NOW