Running a successful small business takes energy, dedication, hard graft and determination. Once you are up and running you would not want anything to jeopardise your success, so why do so many SMEs leave so much to chance?
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Fraud is one of those things many businesses prefer to think of as happening to other people, more often than not one of the big boys like UBS in a scandal that hits the headlines. But fraud can happen to any business, of any size, and is particularly damaging, from much more than just a financial position, to the smaller company.
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Online companies face many of the same legal issues as offline companies. However, many online companies seek to streamline the contractual process and provide a seamless online experience for their customers and users. This results in a slightly different approach to the legal documentation. Further the most valuable asset of many online businesses is their intellectual property rights and so the ownership and protection of such rights is a key consideration.
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Signing a contract is serious for any party – these are legally binding agreements and the content must protect your interests, even if things go wrong. You need to consider exactly what goes into contracts you sign, whether with suppliers, clients or other third parties. David Gordon, of DG Law, explores how to write a watertight contract to ensure your business is protected at all times.
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