As promised, herewith the next instalment of the workshop. Remember if you do not understand something or you need clarity on something - post a comment.
Regards
Nikki
A. 1. Contracts between you and the client.
Make sure that the agreement is not just a handshake, particularly when you are dealing with small, one man businesses. Make sure that you understand (in plain English) exactly what it is you have signed and what the consequences are should either of you renege on the deal. For example some Franchisors insist on this, that you are legally and contractually obliged to register for VAT, irrespective of whether you do the minimum turnover or not. Go through the contract, point by point and if need be, re-write it in simple terms that you understand and are comfortable with. It is often a good idea for you both to write, in simple terms what your requirements, expectations, etc. are and then get a Contractual Lawyer to put the information into legalese.
Make sure that the agreement is not just a handshake, particularly when you are dealing with small, one man businesses. Make sure that you understand (in plain English) exactly what it is you have signed and what the consequences are should either of you renege on the deal. For example some Franchisors insist on this, that you are legally and contractually obliged to register for VAT, irrespective of whether you do the minimum turnover or not. Go through the contract, point by point and if need be, re-write it in simple terms that you understand and are comfortable with. It is often a good idea for you both to write, in simple terms what your requirements, expectations, etc. are and then get a Contractual Lawyer to put the information into legalese.
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