A. Corporate law focuses specifically on corporations and how they are formed, managed, and regulated, including the rights of shareholders and duties of directors. Business law is broader and covers the legal rules that apply to all types of businesses, such as contracts, employment, and sales. In short, corporate law deals with how a corporation is structured and governed, while business law deals with the general legal aspects of running any business.
A. It’s a good idea to seek legal advice from a solicitor as they can tailor contracts to the specific needs and risks of your business. The regulations impacting companies are changing all the time, so it’s important that your contracts are compliant and enforceable. As well as using the right language to prevent ambiguity, solicitors can help draft watertight contract clauses that protect your interests and prevent disputes. Get in touch to find out how our business contracts specialists can support you.
A. It’s not advisable as they can expose you and your business to considerable risk. Template contracts are unlikely to reflect your specific commercial requirements and often omit essential clauses that are key to safeguarding your operations and profits. Working with a solicitor to create tailored and robust contracts is an investment and is likely to save you time and money in the long run. Download our free guide to learn more about how generic contracts could harm your business.
A. In lots of ways! A professionally drafted contract can help to reduce risk while also safeguarding your company’s cashflow and reputation. For example, contracts can limit your financial liability, prevent scope creep, specify enforceable payment terms and provide remedies when invoices are not settled on time. Read our blog to find out more about how contracts can protect your business and its finances.
A. Yes, contracts can impose legally binding obligations and restrictions on employees, suppliers, partners and customers. For example, you could use a contract to establish exclusivity rights, non-compete arrangements, confidentiality obligations or restrictive covenants. However, your contracts must be worded correctly otherwise they might not be enforceable. Vague terms or overly prohibitive conditions might not be accepted by a court. Give your contracts a quick health check with our free guide.
A. Nearly all businesses collect, store and process information relating to identifiable individuals, which means you must adhere to data protection legislation. Maintaining customer records, taking payments, sending marketing communications: these are just some of the activities that are impacted by data protection rules. The legal framework is complex and can be difficult to navigate without expert advice. Our business lawyers can help you achieve and maintain compliance, so you can avoid financial penalties and reputational risks.
A. If you sell goods and services online, then your terms and conditions need to comply with a range of regulations, including consumer rights and data protection. Although every business is unique, there are some common points that need to be included, such as returns, refunds, delivery terms and cookie policies. Our business lawyers can help review and revise your ecommerce terms and conditions, so you can trade more confidently and profitably online.
