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Business Contracts
Getting into shape for Exit
Many years ago, whilst working for an international law firm, I trotted along from my offices in central Birmingham to a meeting room in a hotel with a job to do: review all the customer and procurement contracts of a selling business for our client, the prospective...
To sign or not to sign… is there a middle ground?
Terms and Conditions Many businesses now use Standard Terms and Conditions (STCs) as their document of choice to record the basis on which they sell their goods or services. It’s common practice not to get STCs signed but to refer to them in sales documents or send a...
3 common challenges for software developers
Software development projects are often complex and whilst a good contract supports a project, it is also important to ensure that the project is robustly managed, especially in relation to scope creep (see 1 below). 1.Scope Creep We’ve all been there. You are...
Customer contracting processes
Most businesses understand the need to get a set of terms and conditions in place to set out the basis on which they sell their goods and/or services. This, however, is only half the story. Many businesses who have taken the step to have bespoke terms and conditions...
Suppliers beware – agreements to agree do not give you the contractual right to increase your prices
It is very common in contracts to see some lovely elaborate wording around a process that says the parties will get together each year and review the contract price and then they may agree to increase the price. Unfortunately, this gives the supplier absolutely no...
3 common gripes about terms and conditions
Even when a business has invested in professionally written terms and conditions, they still bring gripes later on in the business’ life. A change in the law is the obvious trigger for updating terms and conditions, but it’s rarely the reason for an entire overhaul....