Could Heads of Terms mean trouble ahead for your business?

Heads of terms are documents that are used to set out how negotiations are progressing, and what’s been agreed so far, before a full contract is drawn up. They can be a useful part of the negotiation process – but if their limitations and dangers are not fully understood, trouble may follow.

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How important are contracts to your business?

It matters to me what small business owners think about their contracts. Of course, I know what my clients tell me, but what about the wider business community? I wanted to find out, so I asked a group of business students to carry out some research on my behalf – and the results made for interesting reading.

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Top tips for drafting clear contracts

Drafting a contract may seem a simple task but, like many things, it’s not as straightforward as it looks! If any date, action or promise included in the contract is critical to its success, then it’s essential that the wording used is clear and unambiguous.

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Force majeure: the facts

Force majeure clauses are often included in a supplier’s contract to give them leeway if they’re delayed in or prevented from fulfilling their contractual obligations because of events beyond their control. This article explains more about what they are and why you need them.

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