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Is Your Contract Protecting Your Business?

Published 4 months ago • 1 min read

Where Good Advice Takes a Wrong Turn

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Hello Reader,

'Tis the season for mayhem and madness, if you celebrate at this time of year, I', not even going to ask how it's going. For me, it's time to take a driving hiatus while the possessed try to buy everything in sight.

Podcasts have been a welcomed distraction, well, almost. The other day I was listening to a business owner preaching the words that are warming to my soul, "always ensure you have a contract." However, it was short-lived as he went too far, following up with "Get a contract from anywhere, write it yourself, but get it signed!"

No. That's where good advice takes a wrong turn.

The podcaster shared his story: left out of pocket to the tune of £5k, battling self-doubt over:

  • how to ask for payment,
  • how long to wait before sending reminders, and
  • when to stop working altogether.

They had to learn the hard way gentlemen's agreements don't always work out.

You don't have to.

The Truth About Contracts

It's tempting to grab the first free template, copy and paste someone else's agreement or believe you can write one yourself. But this can leave your business vulnerable. Without understanding how the agreement protects you, going it alone is not the best business decision.

Many business owners rely on "borrowing" or hastily acquired agreements, skimming through and skipping the parts they don't fully understand. Only to discover when something goes wrong, they are left scrambling for answers and a miracle.

What's the Solution?

  • List Your Must Haves: Know what's non-negotiable for you in any agreement.
  • Read and Highlight: Identify unclear parts so you can ask specific questions.
  • Take your Time: Sit with the information and use discernment to decide what will work best for your business.

At CAS Ltd, services like Clean Up allow us to go through your current collection and confirm that it aligns with your company values while keeping you protected and compliant. To be in a position to make informed decisions with confidence, you must first comprehend the fundamentals.

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Don't leave your business to the mercy of assumptions. Let's work together to ensure your agreements, policies and procedures are clear, ethical and effective.

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Let's get your house in an order that suits you.

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Until next time, keep la dolce vita in mind and stay true to your HouseRules.

Cas

Corporate Administrative Solutions Limited (CAS Ltd) | Registered Address 85 Great Portland Street, London, England W1W 7LT
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