Be careful what you sign

As a business you have less protection from unfair terms than you would when signing a contract as a consumer. This means that you should never sign anything, without at the very least giving it a good read through.

A contract recently came across our desk from a National Business Sales company whose first contractual clause basically sought to make whoever signed the agreement personally liable for any fees, charges or commission. This applied even if the person signing was doing so on behalf of a Limited Company.  In that case, even if the business went bust, this company would chase the individual who put their signature on the agreement for any monies they felt were owing.

Businesses do have some protection via The Business Protection from Misleading Marketing Regulations 2008. However, contract is often King and so do check anything carefully before signing to be sure you understand to what exactly you are agreeing.

Lawgistics Members can get advice on contracts or other legal matters by contacting the legal team on 01480 455500.
 

Authors: Nona Bowkis

Published: 17 May 2019

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