One thing which is often overlooked, more often than not, because of the perceived price involved, is the dreaded contract. A contract is there, not to confuse or to trap people, if done correctly, they are there to ensure that everyone’s well being has been looked after and everyone’s expectations are actually met. It is a piece of paperwork which is a metaphorical handshake with one another. It is there to ensure that no-one is cheated.

Like anything in life, you SHOULD read the whole contract, no different to terms and conditions. We’re in a world where ignorance, lack of interest or ‘never quite getting around to reading literature’ isn’t really an excuse or a get out clause of a contract. If you sign it, you should adhere to it (In theory!).

There are loads of different types of contracts, employment contracts, insurance contracts, hire contracts, permanent contracts, property contracts…the list goes on.

A contract could actually end up saving your business. Your terms and conditions set out, that has been signed by a third party accepting these terms, if they are broken, you may well be entitled to some sort of pay out.

I have teamed up with Law Depot as they have free legal contracts for you. There are also specific contracts available, should you need them. If you are not sure if you need a contract (Legally) then give them a call and they’ll be able to advise you further.

Below are a few Do-it-yourself contracts/letters/templates which may help, just click on the link and follow the pages through:

By Adam Phillips

After years at the bank, Adam decided to leave and set up 'Its The Money Guy'. Inspired by Martin Lewis' love to help people, Adam has followed in his foot steps and helped hundreds of customers, helping them save or make money for their household or business.

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