If you are in business, then you need to be operating on your own terms as small print or as set out in clear contracts. The following are our top six tips for such terms and conditions of business.
1. It is vital that you trade under your own bespoke terms so give some thought to the particular business and the trading terms that you require.
2. Any Terms and Conditions must be precise, lawful and highlight any key restrictions or limitations.
3. All Terms and Conditions should be properly drafted by an experienced commercial lawyer. Do not copy and paste or borrow other people’s small print, or try and dabble in this drafting exercise.
There is a very good reason that commercial lawyers are well paid. They will save you thousands in the long run!
4. Use your Terms and Conditions everywhere and ensure that clients have access to them pre-contract, on your…
Coyote Ugly Saloon Bar, the global franchise owned by Coyote Ugly Saloon Worldwide, is to launch its second Welsh venue when it opens in Swansea this Summer.
Building on the success of existing venues, including the first ever UK Coyote Ugly which opened in Cardiff in 2016; the new site will be
taking over part of the former Aspers Casino on Wind Street and will create 50 new jobs.
Steve Lewis, Director of Coyote Ugly Saloon in the UK commented, “We are extremely pleased to announce our second Welsh venue, and we envisage the new Swansea venue to be the best yet…
If you are in business, at some stage, you may have to consider litigation or recovery of debts. The following top tips need to be considered if you are in such situations.
1. Do you really know your client? Do you have full details of who they are, their proper addresses and any assets that they may own?
2. Have you undertaken credit checks? Have you made full enquiries regarding your clients/customers?
3. Do you have any personal guarantees or other security in respect of the debt?
4. Do you have bespoke terms and conditions of business and clear invoicing policies and statement…
Employees are a key resource, and the following are our top tips when considering employment of any staff in any business.
1. Make someone responsible for HR whether it is yourself or an expert manager, get them well trained and have available to them expert advice so they can take responsibility for staff and ensure there are clear lines of responsibility.
2. Contracts, handbooks and policies and procedures. Please make sure that these are well drafted by expert solicitors to set out clearly the areas of responsibilities, all duties, hours and restrictions that are necessary to protect the business.
3. Incentives. What…
Leading regional law firm Peter Lynn and Partners have helped Swansea City FC launch their new networking group – City Business Network (CBN).
The event, which took place in the LT10 suite of the Liberty Stadium, was attended by many local business leaders and featured a panel Q&A with Swans COO Chris Pearlman, Low-Cost Vans Director Rod Lloyd and Senior Partner Peter Lynn.
The highlight of the event was a talk on leadership by Swans Manager Carlos Carvalhal who outlined his approach to man management as well as developing the right culture for success.
Peter Lynn commented, “As the preferred legal partner…
If you are going into a partnership or acquiring shares in a business the following matters should be carefully considered:-
1. Have you carried out due diligence on the business? Have you used expert professionals to look into the business? No matter how well you may think you know their company or firm get a third party look.
2. How well do you know the partners/shareholders? Have you known them a long time? Are they trustworthy? Do they have a good track record? What are their personal financial circumstances like?
3. Areas of responsibility. Set our clearly who does what and where…
Hiring a top commercial lawyer can add significant profits to the bottom line of any business. A good commercial lawyer can help all types of business in a number of ways including:
- Avoiding Disputes/ Dispute Resolution
All businesses need contracts and to operate on terms and conditions that are favourable to them in order to ensure that clients pay what is due and to maximise returns for the company.
In the event of a dispute, a good commercial litigator gets the resolution you want on the best possible terms.
Good contracts of employment and procedures can prevent disciplinary problems and…