Are You On Top Of Your Commercial Contracts?

When was the last time you stopped and took stock of your business? Have you checked your contracts in the last year? Are they up to date? Do they full protect you and your business? Do they meet any changes in laws and regulations? If you don’t feel your business is on top of your commercial contracts, call our commercial solicitors in Peterborough now.

No matter the size or nature of your business, you will have essential commercial contracts in place for the smooth running and protection of your business. You may have terms and conditions for example. Are these appropriate and personalised to your business? If they’ve been left untouched for some time they could be outdated and no longer relevant to your business or your clients.

If your business trades online you should have terms of use and privacy policies on your website. These contracts need to be drafted to action for distance selling regulations too.

Maybe your business outsources to contractors? In which case you will need contracts for that. It is advised that you have professionally drafted commercial contracts for your distribution agreements and supplier agreements too.

Are you on top of all of these commercial contracts? If not, you could end up in some hot water because your business is not fully protected.

It can be tempting to use the ‘one size fits all’ approach to contracts, but this is risky. You should review and revise terms of your contracts before entering into them with any new contact. This is for the safety, security and protection of your business.

Dependent on the way that your business is set up does change the contracts required and what they include. These are all commercial contracts that our commercial lawyers can help you stay on top of. Our commercial law experts will review and amend your commercial contracts accordingly. They will then ensure these are revised and reviewed art regular intervals going forward.

If you are struggling to stay on top of your commercial contracts, speak to our commercial lawyers. We can run an eye across the contracts and advise you on the changes that you need to make to protect your business.