Entering into commercial agreements is an everyday occurrence for many businesses. It is therefore crucial for business owners and management teams to understand exactly what obligations they are signing up to.
Typically, many of the contracts a business will enter into will reflect its offering and requirements and therefore be of a similar nature (for instance, supply of services and/or supply of goods agreements). It is however important to recognise that where perhaps similar in nature, the terms of contracts can vary considerably and may contain some unfamiliar terminology. [Read more…]