- March 3, 2014
- Posted by: Josiah Hincks Solicitors
- Category: Information Guides, Legal News
For many businesses in Leicester there may come a time when the terms of a contract with a third party become disputed or the other party to the contract breaches the terms of the contract. This can have serious consequences for your business as it could mean that you are not paid for the works you have carried out and this can cause cash flow problems or it could mean you do not receive the materials / service required to provide your own customers with your businesses goods or services.
The impact of a contractual dispute (business dispute) can be considerable. What steps can your company / business take to help mitigate such a dispute?
Ensure the contract you have in place meets the requirements of what you are trying to achieve and provides your business with the protection it needs. Over the past few years we have seen an increasing number of businesses in Leicester using non-bespoke agreements that have been downloaded from the internet. These agreements often fail to provide adequate protection for either party to the contract, they often lack consideration of the businesses involved (i.e. the type of businesses and the ethos of the businesses) and they do not include terms that one would expect to see in contracts. Josiah Hincks are expert contract law solicitors leicester and can help your business put in place proper contracts.
A bespoke contract that is professionally drafted is designed to save your business time, money and hassle in the long term.
When a business dispute occurs it is better for both commercial relationships and cost reasons to resolve the dispute without proceeding to court (if possible). At Josiah Hincks Solicitors our Dispute Resolution Team are experienced and skilled at resolving disputes quickly whilst working to maintain the commercial relationship between your business and customer or supplier. However, if it is apparent that a negotiated settlement will not be forthcoming we shall work quickly and efficiently to ensure the dispute is issued at court and resolved.
Josiah Hincks Solicitors are experienced at helping to avoid and resolve business disputes whether it is a breach of contract, property dispute, debt recovery matter or breach of intellectual property, we are here to help you and your business.
For more information about our corporate commercial and dispute resolution services please contact your preferred branch: Leicester on 0116 255 1811, Blaby on 0116 264 3430 or Coalville on 01530 835 041.