Remember Me
forgot your password?

Credit Crunch Increases Risk of Defaults Due to Poorly Written Terms and Conditions Contracts

For an increasing number of businesses whose terms and conditions are not considered ‘mainstream’ or typical, problems can occur if the legal contracts and terms and conditions in place aren’t completely fit for purpose. And for niche businesses those whose specific terms are not explicitly stated in their standard terms of business, the risk of experiencing defaults or delays is even higher as people are more likely to highlight loopholes in the agreements as a means of delaying or avoiding payment.

 

But businesses can ensure they are prepared for this risk by simply ensuring that all legal documents are drafted specifically for the needs of the business argues Miriam Taylor from Net Lawman, a company specialising in providing legal drafting services for all types of business arrangements.

 

“Most standard documents are designed to cover typical contractual situations and there will inevitably be businesses for which these documents do not protect them from dispute completely. Typical businesses that fall into this bracket can include dating agencies, members clubs, organisations with various debt repayment, conditional loan and convertible loan agreements and also includes confidentiality agreements and reseller agreements” advises Taylor.

 

“If any aspect of your business is unique or unusual, it is strongly advisable to have your documents drafted specifically to meet your requirements. Using an online provider of legal drafting services is by far the most cost effective approach and many documents can be drafted from scratch for less than £250” adds Taylor. 

 

For more information regarding online legal advice, documents and drafting services visit http://www.netlawman.co.uk?sc=818

Andrew Taylor

Net Lawman Ltd is an English company operated by Andrew R. Taylor. Most legal work is undertaken by Andrew and Rajeev Goswami, assisted by English barristers for employment specialist work, and Rajeev's small team of Indian lawyers, as required

Rate this Article: 0 / 5 stars - 0 vote(s)
Print Email Re-Publish


Article Source: http://www.articlesbase.com/regulatory-compliance-articles/credit-crunch-increases-risk-of-defaults-due-to-poorly-written-terms-and-conditions-contracts-478423.html
Add new Comment



Captcha

  • Latest Regulatory Compliance Articles
  • More from Andrew Taylor

Liability Lawyers Help Protect Consumers

By: P. Macneil | 02/07/2009
In my experience, the general public has no idea how much the legal profession contributes to their safety, including as users and consumers of products.

Drug Testing, State Laws, Workers Compensation: Do It Right or Suffer the Consequences

By: Robert Elliott, J.D. | 01/07/2009
State laws and drug testing in the workplace and workers compensation. Follow state laws to avoid problems.

Preliminary Name Searches versus Corporate Searches

By: Holly Crosgrey | 23/06/2009
Explains what preliminary name searches are and why they are done with a comparison of the difference between a preliminary name search and a corporate search for Canadian companies.

Work Accidents: When do you need to report an accident at work?

By: Jessica Parker | 19/06/2009
Employers and self-employed people, as well as people in control of premises, must legally report certain types of accident to the Incident Contact Centre of the Health and Safety Executive (HSE).

The Rules of Redundancy

By: Victoria Cochrane | 19/06/2009
It pays to be informed, whatever the situation. Stay on top of employment relations by keeping yourself up to speed with redundancy rules and regulations and how they affect you, whether you are an employee or employer.

ASIAN GARMENT INDUSTRY RATTLED BY MARKET SITUATION

By: Mallikarjuna N.L. | 14/06/2009
As American countries to head towards a recession, many will begin to question exactly how the garment industry affected by global trade in near future. The US has recently found itself approaching what some economics fear could be the next recession and its impacting many industries negatively in terms of profit and human capital

Landlords Should Choose Their Words Carefully

By: Daniel Butler | 10/06/2009
If a tenant asks for your consent think twice before responding with phrases such as “in principle” and “subject to licence”.

How to Improve Corporate Governance in China with Online Training

By: Alex Raymond | 10/06/2009
Online training (e-learning) is a powerful tool to improve corporate governance. Here are 5 ways that e-learning can help improve corporate governance and lead to China SOX compliance.

Emi Share Schemes Could be Key to Retaining Top Talent

By: Andrew Taylor | 16/10/2008 | Internet Law
Whilst the credit crunch continues to squeeze corporate purse strings tighter, there is a glimmer of hope for businesses looking to attract or retain top talent without having to invest in expensive incentives or bonuses, according to lawyers at Net Lawman, who are advising small business to consider the advantages of adopting Enterprise Management Incentive share schemes (EMI’s).

Credit Crunch Puts Added Pressure on Separating Couples

By: Andrew Taylor | 15/10/2008 | Regulatory Compliance
Many separating couples are facing increased pressure to sort out their financial arrangements as the credit crunch continues, according to legal specialists at Net Lawman, who advise more couples to consider using separation agreements to organise their financial arrangements before divorcing

Smart Way to Stay Ahead in Your Company

By: Andrew Taylor | 02/09/2008 | Internet Law
Net Lawman Ltd, leader in the provision of online legal documents has launched more than twenty template documents enabling your company to benefit from the changes associated with the Companies Act 2006

Buying a Business the Easy Way

By: Andrew Taylor | 21/08/2008 | Copyright
For those who have worked long and hard for someone else, the time has now come to live your dream. Net Lawman provides you with the key – easy to use business sale agreements. Not only are they written in plain English and come with explanatory notes, they allow you to buy your next venture safely, without hassle, without worry. Whether it’s a town centre coffee shop, a rural equestrian centre, a fund management company or a construction business, Net Lawman business sale agreements will work f

Credit Crunch Increases Risk of Defaults Due to Poorly Written Terms and Conditions Contracts

By: Andrew Taylor | 10/07/2008 | Regulatory Compliance
As the credit crunch takes hold on more and more commercial arrangements, those business practices not covered by traditional ‘mainstream’ legal documents are at greatest risk of payment defaults or contracts being called into question, according to lawyers at Net Lawman. Bespoke drafting of all legal documents is the only way that niche businesses can ensure they are fully protected against potentially damaging litigation, warns Miriam Taylor

Online Legal Services Help Soften Credit Crunch Blow by 60%

By: Andrew Taylor | 10/07/2008 | Regulatory Compliance
With reported rises in the demand for legal advice amidst the current credit crunch, lawyers at Net Lawman are advising people to keep their legal costs to a minimum by opting for low cost online legal advice and documents, claiming that online services are typically 60% cheaper than on the high street

Net Lawman Provides Unrivalled Support for Unincorporated Associations

By: Andrew Taylor | 29/05/2008 | Regulatory Compliance
Help is finally here for literally hundreds of unincorporated charity’s, trusts, members clubs and other similar ventures across the UK who require an association agreement, as leading online document specialists Net Lawman launch twelve new association agreements, designed to cater for all kinds of clubs and associations

Submit Your Articles Free: Signup


Article Categories




Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.27, 5)