negotiating contracts

Contract Negotiations: What Small Business Owners Need to Know

Contract Negotiations: What Small Business Owners Need to Know

Ensuring that contracts between a business and its suppliers are legally water tight is important for a company of any size but especially so for small enterprises and start-ups as costly and time-consuming legal battles could quickly result in closure for cashflow-restricted small firms. Negotiating the business and legal terms of a contract can be tricky and yet it’s essential that it is carried out to protect both parties involved and it’s vital that the people involved know how to deal with all aspects of the process. Here I have put together seven guiding steps to help you understand who and what is involved when setting up a contract with a supplier to help you avoid any potentially fatal legal fights. Confidentiality and your business-supplier contract For negotiations that need to ... »