The importance of contracts
8th December 2005, Page 40
8th December 2005
Page 40

Page 40, 8th December 2005
— The importance of contracts
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Contracts are a part of everyday business life: they establish agreements between you and your customers. A contract is an agreement that commits you or your busIness to a course of action. The drafting of a contract can be the difference between bang able to enforce it or not, if your customer falls to make payment. It is important that you consult a solicitor when you need a contract to be drafted.
Also, if you are contracting with another party, ask your solicitor to review the contract before you sqn A contract is a legally binding document which you should not sign without being fully aware of its terms and implications if anything goes wrong.