A service level agreement is ideal if you engage a company or individual to provide a service for your company which is of significant importance to you. For example, when your supplier’s services are critical to you meeting your customer’s requirements. A service level agreement defines the service they must provide, the level of service [...]
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A joint venture agreement is suitable for two or more businesses wishing to come together for a specific project for a specific length of time but who do not wish to be bound together indefinitely. For those wanting to work with someone on a more long term basis then a partnership agreement may be more [...]
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A distribution arrangement is made between the supplier (principal) who sells his goods to the distributor and the distributor will, as a separate transaction, sell the goods to his customer. There is no contract of sale between the supplier and the ultimate purchaser of the goods. Put simply, the distributor will buy the goods from [...]
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Most businesses (and particularly those that wish to trade nationally or internationally) use intermediaries in their dealings with the outside world. ‘Agents’ can provide businesses with, amongst other things, specialist knowledge of a particular market, commodity or area and an immediate presence for negotiating contracts in any geographical location. They can also be used to [...]
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A franchise agreement is a crucial document whether you are the franchisor or the franchisee. Franchisees If you are a franchisee buying a franchise is a significant investment and you should not sign any agreement, or pay any fees or deposit, until you have taken legal advice from a solicitor. The simplest way to begin [...]
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Company formation to most people means forming a company limited by shares and is often know as a “private limited company”. Shares are issued and directors are appointed by the shareholders (often the same people in a small business). The benefit of this type of company over a partnership is that the shareholders have limited [...]
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A confidentiality agreement (also known as a non-disclosure agreement or NDA) is required in the early stages of any discussions you may have about sharing your business knowledge with another party. Time and time again we come across companies who have entered into talks with another business and shared information only for negotiations to break [...]
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If you’re the owner of a successful and profitable business and it operates against a model and systems that you believe could easily be taught to others, then you might want to consider leveraging your success by setting up a franchise operation. Franchises exist in all market sectors and in a variety of different forms [...]
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Internet legal compliance is important for anyone who owns a web site or provides internet services of any description. Legal compliance for web site owners It is amazing how many businesses who understand the importance of protecting themselves in their normal course of business simply neglect to protect themselves from claims and damages caused from [...]
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Although a written partnership agreement is not required to form a partnership it is vital to avoid uncertainty and the automatic application of unsuitable statutory law. A partnership is created when two or more people come together in business to share profit and losses. This type of agreement is usually made for relationships of a [...]
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