If you’re in a professional services business, you’ll almost certainly have paid a hefty premium for a professional indemnity insurance policy. The idea of this insurance is that it covers you if you make a mistake, breach a contractual obligation
“No variation to this agreement shall be effective unless in writing and signed by a duly authorised individual on behalf of each party.” Non-variation clauses like this one are a fairly standard way of protecting an agreement from being changed
How do contract errors arise? Contracts can be long and complicated documents, subject to lots of change and amendment during the negotiation process. Most of the negotiations we get involved in at Devant involve electronic documents with “tracked changes” flying
When you don’t have the budget for full-time sales people, and lack the time or the skills to generate increased sales yourself, appointing a commission-only sales agent seems like the best of all worlds. You don’t have the costs or management
How invisible terms can damage your business When you think of contracts, what images come to mind? Hefty documents on foolscap, sealed with wax and tied with ribbon? Or maybe you envisage a tick in a box on a website
The case of MPP GmbH and Antal International Network Limited, reported in the legal press by Matthew Dando of Reynolds Porter Chamberlain LLP, highlights the dangers of premature contract termination. In summary, this case was brought when Antal alleged material
Do you read the terms and conditions written in tiny fonts on the back of order forms? The dreaded small print! No? It probably won’t surprise you to hear you are not alone. Most of us do not read the small print.
I so frequently get asked this question that it has even made its way into my first book, Deal Makers. The question? “What’s the difference between best endeavours and reasonable endeavours, and since we’re asking, what the heck are ‘endeavours’ anyway?”
Contracts are an inevitable part of business life – whether you’re a multi-million pound business or a bootstrapped start-up. But whether you have a bevy of City lawyers at your disposal, or are just crossing your fingers and hoping for
How the principle of ‘Good Faith’ can work in your commercial deals. The principle of ‘good faith’, in normal English, means to act in an honest and sincere way. Whilst we can all agree that the world would be a